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The U.S. dollar climbed in early European trade Wednesday, as increased recessionary concerns hit risk sentiment, boosting this safe haven.
At 03:00 ET (08:00 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, rose 0.1% to 105.670, after rising around 0.3% overnight.
The dollar suffered its worst monthly performance in November since September 2010, dropping 5% on optimism that the U.S. Federal Reserve is set to slow the pace of its rate hikes, likely resulting in a soft landing for the U.S. economy.
