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U.S. Dollar Reaches Two-Week High Amid Stable Global Currency Trading

Baku:The U.S. dollar maintained its strength in early Asian trading on Wednesday, remaining near a two-week high. The U.S. Dollar Index, which gauges the dollar's performance against a basket of six major currencies, held steady at 102.22, marking its highest level since October 28 after a 0.5% increase on Tuesday.

According to Emirates News Agency, the dollar exhibited stability against major currencies, with the euro trading at $1.1168 and the British pound at $1.3345. Meanwhile, the dollar was valued at 158.715 yen.

The Australian dollar observed a slight increase of 0.1% to $0.6870, moving away from its seven-month low. On the other hand, the New Zealand dollar remained unchanged at $0.5605.

In the cryptocurrency sector, Bitcoin experienced a 0.3% decline to $73,566.45, while Ether saw a 0.5% drop to $2,044.61, with both digital currencies trading near their three-month lows.

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