Hong Kong, July 21 (QNA) – The US dollar hovered near a one-week high on Tuesday, with markets torn between conflicting Middle East signals, as hostilities in the region stoked renewed fears over energy supplies while hopes for a ceasefire offered some relief.
Against the yen, the dollar was largely flat at 162.50 yen. The euro was also little changed at $1.1415, while the British pound held firm at $1.3434.
The US dollar index, which measures the currency against a basket of six peers, was steady at 100.96, near its highest level since July 15.
The New Zealand dollar was 0.4% stronger at $0.5860, hitting its highest level since early June, after strong inflation data reinforced expectations of further rate hikes. The Australian dollar was a touch stronger at $0.7001.
The Canadian dollar steadied after dropping to a one-month low, after the US imposed a new tariff of 50% on a wide range of Canadian products in response to what it called Ottawa’s “discriminatory treatment.” (QNA)