New york: The US dollar hovered below a six-week peak on Thursday after pulling back on rising hopes that Washington is nearing a deal with Tehran to end the war in the Middle East.

According to Qatar News Agency, the dollar, a traditional safe haven, fell for the first time in eight sessions against the yen on Wednesday and was down slightly at 158.905 yen in early Thursday trading. This movement took it back from the 160 S level, considered by traders and analysts as a potential trigger for currency intervention by Japanese officials.

The euro remained steady at $1.1626 on Thursday, after previously dipping to its weakest since April 7 at $1.1583 during the previous session before rebounding. Australia's dollar saw a slight decline of 0.1%, reaching $0.7147 ahead of the release of local employment figures later in the day. Meanwhile, sterling held steady at $1.3430.