The U.S. dollar continues to enjoy the strength and adds to the gains versus its major rivals. On Thursday the dollar held its ground in the Asian session as the currency is powered by the trimmed bets for more quantitative easing after the Federal Reserve was more upbeat on the economy, powering the dollar for more gains.
The dollar is still hovering around its strongest in 11 months versus the Japanese yen. The USD/JPY recorded the high of 84.16 after starting the session at 83.82 and the low of 83.81.
As for the Australian dollar, it was hovering within a tight range this morning recording the high of 1.0468 and the low of 1.0447. Aussie was supported after the reported rise in inflation expectation in March to 2.7% from 2.5% which supported the pair to fight the bearish bias.
Meanwhile, kiwi recovered slightly from its lowest in two months versus the dollar and currently hovering around 0.8097 recording the high of 0.8106 and the low of 0.8095.