Singapore, March 24 (QNA) - The dollar nursed steep losses against major currencies on Tuesday in a wild start to the week after US President Donald ‌Trump delayed the bombing of Iran's power grid, a move that allayed fear of a prolonged war in the Middle East.

The dollar index, which measures the US currency against a basket of peers, rose nearly 0.2 percent to 99.35 after dipping to near a two-week low on Monday.

Sterling eased 0.5 percent to 1.33925 USD after jumping nearly 1 percent on Monday, while the euro was down 0.2 percent at 1.1593 USD after gaining 0.4 percent in the previous trading session.

The Australian dollar fell 0.2 percent to 0.6993 USD in early trade, pulling ‌back from a six-week ‌high. ‌The New ​Zealand dollar was down 0.23 percent at 0.5845 USD. (QNA)