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qDollar Hits 1-Month High on Lingering Fed Hike Chances

Doha: The US dollar held at a one-month high on Tuesday as traders weighed a slim but lingering chance of a rate hike at the Federal Reserve's upcoming meeting, even as falling oil prices eased some concerns over inflation.

According to Qatar News Agency, the dollar index, which measures the greenback against a basket of currencies including the yen and the euro, edged up 0.03% to 101.55, with the euro down 0.01% at $1.1366.

Against the Japanese yen, the dollar gained 0.05% to 163.82, while sterling eased 0.02% to $1.3284. In other major currencies, the Australian dollar weakened 0.11% versus the greenback to $0.6981, while New Zealand's kiwi lost 0.12% to $0.5766.

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