Doha: The dollar was broadly steady on Monday, heading for its strongest monthly gains since last July, amid investor concerns about the repercussions of the military escalation in West Asia. The stability of the dollar reflects its perceived safety amid geopolitical tensions in the region, which have prompted investors to seek refuge in the US currency.

According to Qatar News Agency, the euro rose 0.1 percent to USD 1.15145, although it is on track to record a decline of about 2.5 percent in March, marking its weakest performance since last July. Meanwhile, the British pound also showed little change, holding steady at USD 1.3271, and is heading toward a decline of 1.7 percent over the month.

The dollar index, which measures the US currency against six other currencies, fell 0.2 percent to 100.1 points. This index is crucial for understanding the dollar's performance relative to its major counterparts.

In other currency movements, the yen rose to 159.70 per dollar after having recorded 160.47 earlier in the session, marking its lowest level since July 2024. The yen's fluctuation indicates investor sentiment and actions in response to economic and political developments.

Conversely, the Australian dollar fell to its lowest level in two months at USD 0.6843, heading for a monthly decline of about 3.5 percent, its largest drop since December 2024. Similarly, the New Zealand dollar declined by 0.3 percent to USD 0.57355, down 4.3 percent in March, reflecting broader regional economic concerns.