Muscat:According to Oman News Agency, the dollar remained close to a two-month high, bolstered by a continued increase in US Treasury yields. This rise is partly attributed to concerns about ongoing global price pressures linked to the conflict in the Middle East.

In the early Asian session, the euro saw a slight decrease, trading at $1.1330. It experienced a nearly 2.5% loss in September, the largest since July 2025, due to Europe's debt and energy concerns. Sterling remained stable at $1.3264 after a 2.1% decline last month, affected by the dollar's strength.

The dollar index, which measures its value against a basket of currencies, was near a two-month high at 101.48, reflecting a 2% increase in September. Meanwhile, the yen fell by 0.2% to 157.82 per dollar but recorded a gain of nearly 1.5% last month.

The Australian dollar dropped to a two-month low of $0.6940, as investors adjusted their expectations for another imminent rate hike from the Reserve Bank of Australia following slightly lower-than-expected domestic inflation. Similarly, the New Zealand dollar fell to its lowest level since November 2025 at $0.5618.