Dollar Slips Ahead of Central Bank Meetings

Muscat: The US dollar was weaker today ahead of a slate of central bank meetings that will likely see a rate cut in the US and as investors kept a wary eye on US President Donald Trump’s Asia tour, hoping for a trade deal with China. The yen strengthened more than 0.6% to 151.855 per US dollar.

According to Oman News Agency, the euro hit a one-week high of $1.1668 today, while sterling last bought $1.3368, up 0.25% on the day. The dollar index, which measures the US currency against six other units, eased 0.19% at 98.58, having dropped 0.15% in the previous session.

The Australian dollar was 0.11% firmer at $0.6563, a two-week high. The New Zealand dollar inched higher to $0.5782.