Arab News Headlines

Dollar Slides as Bank Fears Ease

The US dollar slid for a second day against major peers on Tuesday as receding fears of a full-blown banking crisis sapped demand for the safest assets.

The US dollar index – which gauges the currency against six peers, including the yen – declined 0.16% to 102.59 during Asian trading, extending Monday’s 0.35% drop.

The greenback dropped to 130.505 yen. The euro was 0.1% stronger at $1.0809 on Tuesday, while sterling added 0.23% to $1.2315.

The Aussie rallied 0.53% to $0.6686. New Zealand’s kiwi dollar rose 0.49% to $0.62265.

Source: Qatar News Agency