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The U.S. Dollar (USD) saw a mixed performance on Wednesday, but managed to finish March and the First Quarter (Q1) of the year with large gains.
Today, the greenback reached its highest level against the Japanese Yen (JPY) in about a year, supported by improved sentiment about economic recovery, however, the Dollar Index (DXY), which measures the Dollar’s performance against a basket of six major international currencies declined by 0.1%.
The index managed to end March near 93.2, recording its best performance in about five months, and rising by 2.6%.
On a quarterly basis, the index leveled up by 3.56%, to register its best quarterly rise since Q2 of 2018.
