Oman Online News

Dollar Clings to 2-Month High While Japanese Yen Slightly Weakens

Muscat: The dollar clung to its recent strength near a two-month high today, supported by the strong performance it recorded during recent sessions in global currency markets. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was slightly higher at 99.47, after hitting the strongest level since 7 April in the previous session.

According to Oman News Agency, the Japanese yen fetched 159.91 per dollar, slightly down from the 160 yen level it touched on Wednesday for the first time since April 30. The euro stood at $1.1604, and the British pound traded at $1.3424, both largely flat so far in Asia.