New york: The US dollar is heading for a second consecutive weekly decline, as investors await potential developments regarding a possible agreement between the United States and Iran.
According to Qatar News Agency, major currencies traded within narrow ranges during Asian trading, keeping the euro steady at $1.1783 and on track for a third straight weekly gain, while the British pound stood at $1.3526. The dollar index, which measures the US currency against a basket of six major currencies, held steady at 98.212 and is set for a second weekly loss, amid reduced demand for safe-haven assets.
Among other currencies, the Australian dollar traded at $0.7163, hovering near a four-year high. Meanwhile, the New Zealand dollar slipped 0.06 percent to $0.5888, while the US dollar edged higher against the Japanese yen to 159.26.