New York: The US dollar today steadied near a five-month trough against the euro and other major peers as investors grappled with the potential economic impact of growing global trade tensions. The dollar index, which measures the currency against six key rivals, was last up 0.13% at 103.59, struggling to make a decisive move away from a five-month low of 103.21 touched last Tuesday.
According to Oman News Agency, the euro edged lower to $1.0907. In contrast, the greenback was at 149.76 yen, hitting a two-week high against the Japanese currency. Meanwhile, the Australian dollar consolidated around $0.63695 after rising to its highest in a little less than a month on Monday.
Sterling traded at $1.29755 to hold just under Monday’s high of $1.2999, its strongest since 7 November 2024. Additionally, the New Zealand dollar ticked up to $0.58145, rounding out a landscape of minor fluctuations among global currencies amidst investor caution.