Singapore, November 03 (QNA) - The US dollar traded in a narrow range on Tuesday as investors weighed uncertainty surrounding the upcoming US midterm elections, while the Australian dollar dipped after the Reserve Bank ‌of Australia hiked rates as expected.

The dollar index, which measures the currency against a basket ‌of six major currencies, edged slightly higher to 101.81, after Monday's drop to a one-month low.

The euro was steady at $1.1182 as the dollar ticked higher. The Japanese yen fetched 157.92 per dollar, also largely flat during a domestic holiday.

The Australian dollar declined as much as ​0.35% to a low of $0.6974 per ​US dollar after the rate decision. The kiwi was flat at $0.5616.

Sterling was largely steady at $1.3401.

Also contributing to dollar strength, China's offshore yuan was on track for its biggest single-day decline since May, after weakening as much as 0.34% to 6.67 per dollar. (QNA)