Singapore, November 06 (QNA) - The US dollar held steady against major currencies on Friday amid a decline in US stocks and a shift by investors toward safe-haven assets, driven by falling US Treasury yields and market anticipation of further clarity on the trajectory of US interest rates.
The euro remained stable at USD 1.1222, putting it on track for a weekly gain of 0.5 percent to mark a turnaround following two consecutive weeks of losses.
Meanwhile, the Japanese yen rose 0.2 percent to 157.40 against the dollar, touching a one-week high before paring some of its gains.
The Swiss franc also climbed 0.2 percent against the dollar, while US Dollar Index, which measures the greenback's performance against a basket of six major currencies, held steady at approximately 101.55.
Additionally, the British pound rose 0.1 percent to USD 1.3457 following the Bank of England's decision to raise interest rates, a move that aligned with market expectations. (QNA)