Doha: The dollar sank to an almost seven-week low on Tuesday as investors braced for US data revisions that could show the jobs market in worse shape than initially thought, shoring up the case for even deeper Federal Reserve interest rate cuts. The dollar index fell to lows of 97.323 in Asia trade, representing the weakest level for the greenback since July 24.
According to Qatar News Agency, the euro appreciated 0.1% in Asia hours, trading to as much as $1.1778, the strongest level since July 24. The yen strengthened against the dollar by 0.3% at 147.125.
The Australian dollar fetched $0.6606, up 0.2% in early trade, while the kiwi traded 0.2% higher at $0.5949. The offshore yuan traded 0.1% stronger at 7.1193 yuan per dollar, while sterling traded at $1.3576, up 0.2% so far on the day.