London: The dollar stabilized on Tuesday as investors assessed the likelihood that the US Federal Reserve will cut interest rates next month after comments from policymakers that leaned toward monetary easing, while the yen remained under close watch in anticipation of possible government intervention to support the Japanese currency.

According to Qatar News Agency, the euro was at 1.1522 dollars in the latest trading after a slight rise overnight. The pound sterling reached 1.3097 dollars. There was little change in the dollar index, which measures the performance of the US currency against major currencies, recording 100.23 points.

Although the US currency has weakened slightly this week, the yen registered 156.70 per dollar, approaching its 10-month low of 157.90, which it touched last week. The New Zealand dollar fell to 0.5602 dollars after declining by more than two percent this month, ahead of an expected interest rate cut tomorrow by the Reserve Bank of New Zealand. The Australian dollar also fell by 0.12 percent to 0.6454 dollars.