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Singapore, May 18 (QNA) – The dollar was on the defensive against most major currencies on Monday as fresh Middle East tensions lifted oil prices and a global bond selloff stoked rate-hike bets, while yen weakness kept traders on alert for a possible intervention.
The dollar index, which measures the greenback against a basket of major currencies, was flat at 99.325.
The euro was last at $1.1621, and sterling fetched $1.3320, both down roughly 0.03%.
The risk-sensitive Australian dollar weakened 0.2% to $0.7132, while the New Zealand dollar was little changed at $0.5837.
The yen was last traded at 158.97, the weakest level since April 29, with its renewed weakness putting investors on alert for a possible intervention.
Elsewhere, the offshore yuan weakened to 6.8150 yuan per dollar. (QNA)
