The dollar rose Wednesday, gold prices fell and stock markets steadied after top Federal Reserve officials dented hopes for a big cut in US interest rates.
Oil prices jumped and bitcoin reached an 18-month high close to $13,000.
"The dollar is a touch stronger as the currency market tries to guess and second-guess the Fed's next move," said Fiona Cincotta, a senior market analyst at City Index trading group.
The Federal Reserve last week raised expectations that it would soon announce its first rate reduction in more than a decade following downbeat US economic data.
However, optimism took a hit after Fed boss Jerome Powell on Tuesday said policymakers would not "overreact" to recent data.
Also Tuesday, voting member James Bullard, considered a key dove on the Fed board, told Bloomberg that a cut of 50 basis points - which many investors had been hoping for - would be excessive.
While the dollar largely rose against main rivals Wednesday, it dipped versus the British pound.
Bank of England governor Mark Carney, in testimony to UK MPs on Wednesday, hinted at fresh BoE stimulus measures should the country crash out of the European Union without a deal.
But the markets' main focus was on the Federal Reserve.
Stock markets flat
"Equity markets are looking a little flat on Wednesday after the Fed... massaged expectations", ahead of a July rate-setting meeting, said Oanda analyst Craig Erlam.
Gains for the dollar capped gold's rally, which is priced in the US unit and becomes more expensive when the greenback rises.
Markets were also looking ahead to key trade war talks between US President Donald Trump and Chinese counterpart Xi Jinping on the sidelines of the G20 summit in Japan later this week.
The US has dampened expectations for a deal between the two, saying the talks would set out a path for an agreement.
Officials did however say they were willing to hold off hiking tariffs on more Chinese goods, Bloomberg News reported.
Elsewhere on Wednesday, bitcoin surged to almost $13,000 on continued demand after Facebook recently unveiled plans for its own crypto currency.
Key figures around 1045 GMT
Euro/dollar: DOWN at $1.1364 from $1.1370 at 2050 GMT
Pound/dollar: UP at $1.2696 from $1.2692
Dollar/yen: UP at 107.67 yen from 107.18
London - FTSE 100: FLAT at 7,424.41 points
Frankfurt - DAX 30: UP 0.5 percent at 12,284.24
Paris - CAC 40: UP 0.1 percent at 5,521.95
EURO STOXX 50: UP 0.2 percent at 3,452.34
Tokyo - Nikkei 225: DOWN 0.5 percent at 21,086.59 (close)
Hong Kong - Hang Seng: UP 0.1 percent at 28,221.98 (close)
Shanghai - Composite: DOWN 0.2 percent at 2,976.28 (close)
New York - Dow: DOWN 0.7 percent at 26,548.22 (close)
Brent North Sea crude: UP 65 cents at $65.70 per barrel
West Texas Intermediate: UP 96 cents at $58.79 per barrel
Gold: DOWN at $1,407.56 per ounce from $1,414.24
Bitcoin - UP at $12,561 from $11,402
Gold rates for Wednesday, June 26, 2019
Emirates 24|7 brings you the daily Dubai gold rate (22k, 24k, 21k and 18k), as well as currency exchange rates, including the Indian rupee, Pakistani rupee, Philippine peso, Sri Lankan rupee, sterling pound, euro and may more against the UAE dirham (US dollar).
The rates for 24 carat, 22 carat, 21 carat, 18 carat and Ten Tola (TT) Bar (11.6638038 gram) will be updated four times a day to keep them fresh and relevant for buyers of gold bars and gold jewellery in the UAE.
The update times for Retail Gold Rate in Dubai will be at 9.30am, 2.30pm, 5pm and 8pm (unless there is drastic fall or rise in the international rate).
On Saturdays, the gold rates will be updated at 9.30am and this rate will stay static through Saturday and Sunday until the international market reopens on Monday.
Please note that the retailers add making charges separately to the quoted rate of gold.
The Retail Gold Rate in Dubai is being supplied by the Dubai Gold and Jewellery Group.
Foreign Exchange Rates
The Foreign Exchange Rates of major currencies will be updated twice each working day at around 8:30am and 3:30pm.
These will cover both the Remittance Rates [for sending money] and the Currency Notes Rates [for buying and selling of currency notes].
The Foreign Exchange Rates are being supplied by UAE Exchange.