Dollar Steadies, Yen Nears Two-Week Low

Singapore, The dollar was steady on Tuesday as investors awaited an inflation report this week that will likely shape the US rates outlook, while the yen was hovering near a two-week low.

The euro was little changed at $1.0786 but is up 1% against the dollar so far this month, while sterling last bought $1.2554, up roughly 0.5% so far in May.

The dollar index, which measures the US currency against six rivals, was last at 105.27, and the index has slipped about 1% in May.

The yen was trading at 156.41 per dollar after approaching its two-week low of 156.50 per dollar earlier in the session.

The Australian dollar was 0.11% lower at $0.6601, while the New Zealand dollar was flat at $0.6016.

Source: Qatar News Agency

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