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Dollar Steadies Amid Geopolitical Risks

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Dollar Steadies Amid Geopolitical Risks

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Singapore, October 13 (QNA) - The dollar held its ground at the start of Asian trading on Tuesday after a holiday for some markets in the US and as geopolitical risks rose after renewed attacks on energy infrastructure in the Middle East and Ukraine.
The US dollar index, which measures the greenback's strength against a basket of six currencies, was at 102.56 points after closing up 0.3% on Monday.
The euro was flat at $1.1159 on Tuesday, while the British pound was also steady at $1.3209.
Against the yen, the US dollar was 0.1% weaker at 158.435 yen.
The Chinese yuan traded near its strongest levels in four years, holding steady against the US dollar at 6.6950 yuan in offshore trade.
The Australian dollar was 0.1% weaker at $0.6956, little changed after the release of minutes from the Reserve Bank of Australia's September board meeting at which it voted unanimously to raise rates for the fourth time this year.
The New Zealand dollar was down 0.1% at $0.5582, trading near an 18-month low. (QNA)

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