Dollar holds gains near peak as oil prices edge lower

April 23, 2026 / 9:56 AM

Sharjah24-WAM: The United States dollar held near a one-and-a-half-week high on Thursday, with its index reaching 98.644, the highest level since April 13. It is on track for modest weekly gains of around 0.4% after declining over the past two weeks.

The Euro traded at US$1.1712 after earlier falling to its lowest level since April 13, and is heading for a weekly decline of 0.4%, its first in four weeks. Meanwhile, the Pound sterling remained steady at US$1.3497.

Other currencies fluctuate

The Australian dollar rose to US$0.7165, while the New Zealand dollar reached US$0.59045. By contrast, the US dollar slipped 0.02% against the Japanese yen to 159.48 yen.

Oil prices ease after recent surge

Oil prices edged lower after strong gains in the previous session. Brent crude futures fell 15 cents to US$101.76 per barrel after surpassing US$100 for the first time in more than two weeks.

Similarly, West Texas Intermediate crude fell 14 cents to US$92.82 per barrel.

Market outlook

The movements reflect ongoing volatility across global currency and energy markets, driven by recent economic developments and shifting investor sentiment.