The buck's latest surge comes as rising Treasury yields attract funds, and so-called 'U.S. exceptionalism' - a strong economy containing many of the world's biggest and most successful companies - encourages global investors to buy American assets.

The Dow Jones Industrial Average rose to session highs but managed only minimal gains Wednesday after the Federal Reserve's minutes provided some cues about rate cuts in 2025. Artificial intelligence giant Nvidia tested a key level in the wake of a huge drop.