emirates7 - On Tuesday, the dollar and yen eased, giving up some of their earlier gains as safe-haven currencies following a significant missile exchange between Israel and Hezbollah, which heightened concerns of broader conflict.
The potential for upcoming U.S. interest rate cuts also weighed on the dollar, although currencies remained largely stable due to a lack of major developments in the Asian trading session.
The yen was down 0.1% at 144.65 per dollar, after reaching a three-week high of 143.45 in the previous session due to a flight to safety.
The euro and pound each rose about 0.1%, reaching $1.1172 and $1.3201 respectively, near their recent multi-month highs.
The Canadian dollar strengthened slightly to 1.34875 per U.S. dollar, having hit a five-month peak on Monday as oil prices surged.
Most currencies remained close to milestone highs, and the dollar was near its lowest level in over a year, influenced by expectations of a U.S. rate cut in September following comments from Federal Reserve Chair Jerome Powell at Jackson Hole on Friday.
The S&P 500 and Nasdaq both closed lower on Monday, with Nvidia, a major player in AI, dropping ahead of its quarterly report later in the week.
The dollar index fell 0.03% to 100.82, staying close to a 13-month low of 100.53 reached in the previous session.
Meanwhile, the Australian dollar gained 0.23% to $0.6787, near a one-month high of $0.67985 achieved on Friday.
The New Zealand dollar rose 0.34% to $0.6225, holding close to Friday's high of $0.6236, its strongest level in over seven months.
The potential for upcoming U.S. interest rate cuts also weighed on the dollar, although currencies remained largely stable due to a lack of major developments in the Asian trading session.
The yen was down 0.1% at 144.65 per dollar, after reaching a three-week high of 143.45 in the previous session due to a flight to safety.
The euro and pound each rose about 0.1%, reaching $1.1172 and $1.3201 respectively, near their recent multi-month highs.
The Canadian dollar strengthened slightly to 1.34875 per U.S. dollar, having hit a five-month peak on Monday as oil prices surged.
Most currencies remained close to milestone highs, and the dollar was near its lowest level in over a year, influenced by expectations of a U.S. rate cut in September following comments from Federal Reserve Chair Jerome Powell at Jackson Hole on Friday.
The S&P 500 and Nasdaq both closed lower on Monday, with Nvidia, a major player in AI, dropping ahead of its quarterly report later in the week.
The dollar index fell 0.03% to 100.82, staying close to a 13-month low of 100.53 reached in the previous session.
Meanwhile, the Australian dollar gained 0.23% to $0.6787, near a one-month high of $0.67985 achieved on Friday.
The New Zealand dollar rose 0.34% to $0.6225, holding close to Friday's high of $0.6236, its strongest level in over seven months.