Doha: The US dollar index saw a recovery on Tuesday, rebounding from its lowest point in a month and a half. This followed the previous day's losses, which were triggered by intervention measures to purchase the yen. Despite the dollar's recovery, the yen managed to retain most of the gains it achieved through a collaborative intervention by Tokyo and Washington last week.
According to Qatar News Agency, in Asian trading, the yen was down 0.2% at 157.55 per dollar, after having reached a three-month high of 155.20 in the prior session. This position is still notably above its 40-year low of 163.99, recorded in July. The euro remained stable against the yen, hovering near its highest level in over eight months at 181.19 yen, while the British pound stood at 211.60 yen.
The euro remained steady at $1.1508, following its rise to a one-and-a-half-month high of $1.1559 in the previous session. Meanwhile, the British pound traded at $1.3425. The US dollar index climbed back to 100 points, marking its recovery from the recent low.
In other currency movements, the Australian dollar experienced a rise of 0.3% to $0.7019, whereas the New Zealand dollar saw a slight decline of 0.1% to $0.5867. The Chinese yuan remained relatively stable against the dollar, benefiting from strong Chinese export performance.