New york: The dollar held steady against other currencies today as markets remained tense after the latest clash between the United States and Iran, while investors awaited US inflation data for signals on the path of interest rates.
According to Oman News Agency, the dollar index, which tracks the US currency against a basket including the yen and the euro, edged down 0.06 percent to 99.95. The euro rose 0.01 percent to $1.1544, while sterling gained 0.03 percent to $1.338.
The yen rose 0.01 percent to 160.34 per dollar, continuing to hover near the 160 level, widely seen as the threshold for possible government intervention. The United States will release May consumer price index data later today, seen as crucial for assessing whether the Federal Reserve is likely to raise rates later this year following stronger-than-expected jobs data last week.
Markets are also awaiting the European Central Bank's policy meeting on Thursday, with a 25-basis-point rate hike widely expected. The risk-sensitive Australian dollar fell 0.16 percent to $0.717, while the New Zealand dollar fell 0.05 percent to $0.5813.