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15/05/2025 01:32 AST
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 case for Federal Reserve easing just as global trade tensions cool, coinciding with a de-escalation in the US-China trade tensions.
The US Dollar Index, which measures the currency against six major peers, held steady at 100.94 after falling 0.8% on Tuesday.
On Monday, the index jumped 1%, reaching its highest level in a month, supported by optimism that the easing of trade tensions between the US and China would avert a potential global recession.
Against the Japanese yen, the dollar was stable at 147.45 yen, while the euro and the British pound showed little change, trading at $1.1188 and $1.3311, respectively.
The dollar rose 0.24% to 7.2122 against the Chinese yuan in offshore markets, rebounding from a six-month low of 7.1791 yuan reached yesterday.
Meanwhile, it edged down 0.1% against the Swiss franc to 0.8384.
The dollar index remains down by about 3% compared to its level on April 2, when former US President Donald Trump announced broad tariffs that prompted foreign investors to reduce their exposure to US assets.
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 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 Pre
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
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