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Dollar Steadies as Geopolitical Risks Rise

Tunis:The dollar maintained its position at the beginning of Asian trading on Tuesday following a holiday in some US markets and amid increased geopolitical risks due to renewed attacks on energy infrastructure in the Middle East and Ukraine.

According to Qatar News Agency, the US dollar index, which assesses the dollar's strength against a basket of six currencies, stood at 102.56 points after a 0.3% rise on Monday.

The euro remained unchanged at $1.1159, while the British pound held steady at $1.3209. Against the yen, the US dollar was 0.1% weaker, trading at 158.435 yen. Meanwhile, the Chinese yuan maintained its strength, trading at 6.6950 yuan in offshore markets, its highest level in four years.

The Australian dollar saw a slight decrease of 0.1% to $0.6956, following the release of minutes from the Reserve Bank of Australia's September board meeting, where it was unanimously decided to increase rates for the fourth time this year. The New Zealand dollar fell by 0.1% to $0.5582, approaching an 18-month low.

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