The dollar rose to its highest level in two weeks against the euro and other major currencies with signs of improving employment sector in the United States during the month of March, in addition to the Feds' hawkish stance which helped the greenback to gain momentum.
The dollar rose against the euro at the beginning of Wednesday's session to its lowest level in two weeks at 1.3183, while it goes down against the Japanese yen as demand increased for safe haven currencies, which makes the yen more attractive to investors from the dollar, where the USD / JPY pair dropped to its lowest level at 82.61 after hitting a high of 82.92.
As for the Australian dollar, it dropped significantly against its U.S. counterpart, reaching its lowest level in more than two months, comes after the Australian trade balance recorded the second monthly deficit in a row.
The AUD/USD pair fell to record its lowest level at 1.0262 after hitting a high of 1.0310, as the pair started today's session at 1.0303.
The NZD/USD pair fluctuated during the Asian session, without any specific direction, where it is currently trading at 0.8164, recording a high of 0.8179 and a low of 0.8152 to.