Singapore, March 26 (QNA) - The dollar eased off recent gains in Asian trading on Thursday as investors sought clarity about whether a de-escalation in the US-Israeli war on Iran was imminent and scaled back expectations for further Federal Reserve interest rate hikes.

The US dollar index, which measures the greenback's strength against a basket of six currencies, edged down 0.1% to 99.576 today after logging its biggest one-day gain in a week during the previous session.
Against the yen, the US dollar edged down 0.1% to 159.39 yen, with the greenback near its strongest levels since 2024.

The euro was up 0.1% at $1.1570, stabilizing after two days of declines, while the British pound was unchanged at $1.3365, avoiding a third consecutive day of losses.

In offshore trading, the US dollar remained steady at 6.905 Chinese yuan, after US President Trump said he will meet Chinese President Xi Jinping on May 14 and 15.

The Australian dollar settled at $0.6950, while the New Zealand dollar was steady at $0.5806.
(QNA)