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27/05/2025 06:02 AST
The US dollar index, which tracks the currency against six major rivals, sank 0.3% to 98.813, while the euro jumped along with risk-sensitive currencies like the Australian dollar on Monday after President Donald Trump backed down from threatened 50% duties on European Union shipments from June .
The euro climbed as much as 0.55% to reach $1.1418 for the first time since April 29.
The Aussie jumped 0.58% to $0.6537, a level not seen since November 25.
The New Zealand dollar soared 0.75% to the highest since November 7 at $0.6031.
Sterling advanced as much as 0.38% to scale its highest level since February 2022.
The safe-haven yen and Swiss franc were overall weak as market sentiment improved, but they still appreciated against the embattled US dollar.
The greenback slipped as much as 0.24% to 142.23 yen , the lowest level this month, and edged to a 2-1/2-week low of 0.8193 franc.
QNA
| Ticker | Price | Volume |
|---|
| US Dollar | 1.00 |
| Euro | 0.88 |
| British Pound | 0.77 |
| Japanese Yen | 113.21 |
| Saudi Riyal | 3.75 |
| Kuwaiti Dinar | 0.30 |
| Derham Emirati | 3.67 |
| Bahraini Dinar | 0.38 |
| Omani Riyal | 0.39 |
| Qatari Riyal | 3.67 |
24/06/2025
The dollar rose Monday as investors turned to safe-haven assets, but the restrained moves suggest markets are monitoring developments in the Middle East.
In currency markets, the euro was 0.
QNA
27/05/2025
The euro hit a one-month high against the dollar on Monday, after U.S. President Donald Trump backed down from threatened 50% duties on European Union shipments from June 1, after the bloc asked for
Reuters
19/05/2025
The U.S. dollar trimmed a four-week gain in early Asian trade as markets digested a surprise downgrade of the U.S. government's credit rating and as lingering trade frictions weighed on sentiment.
Reuters
19/05/2025
India's foreign exchange reserves (forex) rose $4.553 billion to $690.617 billion in the week that ended on May 9, official data released by the Reserve Bank of India (RBI) showed.
The previ
Times of Oman
15/05/2025
The US dollar stabilized on Wednesday after recording its largest drop in more than three weeks overnight.
The decline followed lower-than-expected US consumer inflation data, bolstering the
QNA
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