Muscat: The dollar held steady near its highest level in two months today after a strong US jobs report reinforced investor expectations that the Federal Reserve will raise interest rates this year. The euro fell to a two-month low of $1.1507, while sterling touched a three-week low of $1.33165.
According to Oman News Agency, the Australian and New Zealand dollars also dropped to two-month lows, reaching $0.7016 and $0.5779 respectively. Markets now price in a more than 70 percent probability that the Fed will raise rates in December, according to the CME's FedWatch tool, which marks a sharp jump from 45 percent a week ago.
The stronger dollar pushed the yen further lower, trading at 160.33 per dollar. Bitcoin rose more than one percent to $62,615.25, while Ether also gained over one percent to $1,652.23, recovering from a 14-month low hit last week.