Doha: The dollar was weaker on Tuesday ahead of a slate of central bank meetings that will likely see a rate cut in the US and as investors kept a wary eye on US President Donald Trump’s Asia tour, hoping for a trade deal with China. The yen strengthened more than 0.6% to 151.855 per US dollar.
According to Qatar News Agency, the euro hit a one-week high of $1.1668 on Tuesday, while sterling last bought $1.3368, up 0.25% on the day. The dollar index, which measures the US currency against six other units, eased 0.19% at 98.58, having dropped 0.15% in the previous session.
The Australian dollar was 0.11% firmer at $0.6563, marking a two-week high. Additionally, the New Zealand dollar inched higher to $0.5782, reflecting a cautious optimism among investors amid ongoing economic developments.