New york: The US dollar index, which tracks the performance of the US currency against the euro, the British pound, the yen, and three other major currencies, stabilized at 100.18. This stabilization comes after the index reached 100.25, marking its highest level since August 1, 2025.

According to Oman News Agency, both the Japanese yen and the US dollar saw strong demand as safe-haven assets amid significant selling in stocks, notably technology shares on Wall Street, which cascaded into Asian markets. The yen appreciated by about 0.2% to 153.42 per dollar, continuing the gains of 0.7% recorded on Tuesday. Simultaneously, the dollar remained steady at 1.1483 against the euro after a 0.3% increase in the previous session, reaching a seven-month high.

The British pound stabilized at $1.3016 after a decline of 0.9% the previous day. Meanwhile, the New Zealand dollar slipped 0.1% to $0.5635 following a 1.2% decline yesterday, hitting its lowest level in seven months. It also fell to 1.1512 against the Australian dollar after the release of labor market data, a level unseen since October 2013. The Australian dollar also experienced a decrease, dropping 0.2% to $0.6476.