09:24 AM EDT, 05/29/2024 (MT Newswires) -- The US dollar added to gains over major counterparts like the euro and the British pound but remained softer against safe-havens like the Japanese yen and Swiss franc in early North American trade on Wednesday after the Redbook Index rose further for the recent week.

EUR/USD and GBP/USD fell back toward session lows around 1.2734 and 1.0836, respectively, while USD/JPY and USD/CHF eased from their highs but retained modest intraday gains over the greenback.

This was after the Redbook Index rose 6.3% for the week ending May 25 following a 5.5% increase in the prior week.

The US dollar's gain came as equity markets faltered across the board and government bond yields climbed.