Doha:The dollar maintained its position near a two-month high on Thursday, bolstered by a continued increase in US Treasury yields. This rise is partly attributed to concerns about ongoing global price pressures due to the conflict in the Middle East.
According to Qatar News Agency, the euro slightly decreased against the dollar, trading at $1.1330 during the early Asian session. This decline follows a nearly 2.5% drop in September, marking the largest monthly loss since July 2025, influenced by Europe's debt and energy challenges.
Meanwhile, the British pound remained unchanged at $1.3264 after a 2.1% decline last month, also affected by the stronger dollar. The dollar index, measuring its strength against a basket of currencies, remained close to its two-month high at 101.48, having increased by 2% in September.
The Japanese yen fell by 0.2% to 157.82 per dollar, despite recording a gain of nearly 1.5% last month. The Australian dollar dropped to a two-month low of $0.6940, as expectations for a near-term rate hike from the Reserve Bank of Australia diminished following lower-than-expected domestic inflation. Similarly, the New Zealand dollar reached its lowest level since November 2025, trading at $0.5618.