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Singapore, May 21 (QNA) – The US dollar hovered below a six-week peak on Thursday after pulling back on rising hopes that Washington is nearing a deal with Tehran to end the war in the Middle East.
The dollar, a traditional safe haven, fell for the first time in eight sessions against the yen on Wednesday, and was down slightly at 158.905 yen in early Thursday trading – taking it back from the 160 level that traders and analysts view as a potential trigger for currency intervention by Japanese officials.
The euro was steady at $1.1626 on Thursday, after dipping to the weakest since April 7 at $1.1583 in the previous session before bouncing back.
Australia’s dollar slipped 0.1% to $0.7147 ahead of the release of local employment figures later in the day.
Sterling was little changed at $1.3430. (QNA)
