Arab News Headlines

Dollar Calm as Traders Await Clues on US Federal Reserve Meeting

The dollar was broadly steady on Monday as investors awaited further clues to help chart the US interest rate path in the wake of cautious comments from Federal Reserve officials, even as inflation shows signs of cooling.

The Japanese yen was flat at 155.74 per dollar, while the euro was up 0.13% at $1.08825, stalking the nearly two-month high of $1.0895 it touched last week.

The dollar index, which measures the US currency against six rivals, was little changed at 104.44.

In other currencies, sterling touched a two-month high of $1.2711 ahead of the crucial UK inflation report due on Wednesday.

The Australian dollar was up 0.18% at $0.67055, hovering close to its four-month peak while the New Zealand dollar was last at $0.61295, not far from its two-month high.

Source: Qatar News Agency