Doha: The US dollar fell on Tuesday after economic data reinforced expectations of an interest rate cut in December, while the Japanese yen was supported by speculation that the Bank of Japan may raise rates next month. The yen was last trading slightly lower at 156.07 per dollar, after earlier strengthening to 155.66.

According to Qatar News Agency, the New Zealand dollar surged 1.2% to $0.5690, while the Australian dollar rose 0.57% to $0.6506. The euro edged closer to the $1.16 level, last trading at $1.1590, while the British pound gained 0.2% to $1.3191. Against a basket of major currencies, the dollar index slipped 0.2% to 99.65.