The dollar steadied against a basket of currencies on Wednesday as calm returned to global financial markets with investors partially reversing their rush to safe haven assets and moving back into stocks.
The greenback had risen against currencies like the euro as investors sought shelter amid the rout in global equities seen at the start of the week, which was triggered by a massive decline in Wall Street shares.
The dollar index against a basket of six major currencies was mostly flat at 89.608, nudging away from a two-week peak of 90.034 set overnight.
The euro inched up 0.05 percent to $1.2384 after slipping to a two-week low of $1.2314 the previous day.
“How the dollar will fare with the recent tumult in stocks showing signs of settling down depends on which currency you are looking at,” said Junichi Ishikawa, senior FX strategist at IG Securities in Tokyo.