The greenback advanced against its most major counterparts in early Asian trade Wednesday as the US President Barack Obama said that the world's biggest economy will recover from its recession.
The dollar moved to a new multi-month high against the yen and edged higher against its European and Swiss counterparts during Wednesday's early trading.
The dollar rose to 1.2807 against the euro and 1.1643 against the franc, moving up from its early lows of 1.2880 and 1.1579, respectively. The dollar was worth 1.2847 against the euro and 1.1602 against the franc at yesterday's close.
Against its Japanese counterpart, the US dollar bounced back after showing weakness during today's early Asian trading. The dollar thus climbed from 96.38 to 97.28 by about 11:45 pm ET.
This set a highest point for the pair since November 25, 2008. The dollar-yen pair closed yesterday's deals at 96.65.
On the other hand, the greenback dropped against the currency of UK during this time period. The greenback touched 1.4561 against the pound compared to 1.4484 hit late Tuesday in New York. As of now, the pair is trading at 1.4531.
