This Wednesday, the Australian dollar se is nearing its highest level in three years, while the Indian rupee is expected to recover after Trump's remarks that shook the dollar. The yuan reached a new high in 32 months in the face of the fall of the dollar and the South African rand is progressing.

The Australian Dollar style="font-size:14.0pt; line-height: 107%; font-family: "Bookman Old Style”, serif"> a marked a break on Wednesday near its highest levels in three years, so that a massive sale of greenbacks has turned into a rout, while that a series of alarming figures on inflation in the country has increased the probability of a rise in rates as early as next week.

The Australian enjoyed the view at $0.6994, climbing 1.4% overnight to a high of $0.7016.

It was the first time that the Australian dollar had reached 70 cents since the beginning of 2023, which allowed him to earn more by 4% in just five sessions.

Crossing the resistance at $0.69435 a triggered a new wave of purchases and is now aiming for $0.7158.

The New Zealand dollar also strengthened at $0.6030, after jumping 1.2% overnight to cross the resistance of $0.6007.

serif">Indian rupee style="font-size:14.0pt; line-height: 107%; font-family: "Bookman Old Style”, serif"> should consolidating on Wednesday the relief recorded during the previous session, after President Donald Trump downplayed the recent weakness of the dollar, accelerating its fall and pushing it to lower multi-year levels.

The undeliverable 1-month forward contract stated that the rupee would open in the range 91.48-91.52 against the dollar American, after closing at 91.72 on Tuesday.

The rupee found a break on Tuesday after a long period of almost constant pressure, as the weakness of the dollar alleviated the unilateral demand for dollars that has weighed on the currency in recent weeks.

The Chinese yuan a reached a new high in 32 months against the US dollar on Wednesday after that Beijing has oriented its currency higher while global sales of greenbacks were intensifying and the seasonal settlement needs of Chinese exporters persisted.

The yuan strengthened to 6.9449 against the American dollar, its highest level since May 15, 2023, before rising fall back to 6.9457 at 03:30 GMT.

Its offshore equivalent remained virtually unchanged and was traded at 6.939 yuan for one dollar.

The South African rand, linked to commodities, has slightly increased at the start of the session on Wednesday, driven by the surge in Gold prices as markets await rate decisions of interest in the United States and in Africa's first industrial economy.

At 06:52 GMT, the rand traded at 15.8150 per dollar, up about 0.3% from Tuesday's close and at its strongest level since June 2022.