The US dollar was performing well compared to other world currencies overnight, it has been reported.
The higher trading comes as minutes from a meeting of the country's Federal Open Market Committee (FOMC) earlier this month revealed that the US is under pressure from inflation.
Norihiro Takemura, forex dealer for the Sumitomo Trust and Banking,
said: "As the FOMC minutes have re-ignited expectations for additional rate increases in the US, the market will now be watching very carefully tomorrow's release of non-farm payroll data for May for any further clues on monetary policy direction."
The FOMC minutes outlined a rate increase of 50 basis points, which has not happened since 2000.
It is also reported that the dollar's good performance was also related to lower crude and gold prices.
At 0350 GMT, the dollar was trading at 112.65 against the yen, while euro stood at 1.2769 USD.
Please note: All rates are subject to change, for the latest up-to-date rates check our Currency converter
The British Pound came under pressure yesterday, as the BoE minutes offered no clarity over the...
|South African Rand||17.887|
|GBP indicative mid-market rate at 20:20. Please call for quote.|