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Dollar steadies after recent weakness

May 19, 2026 / 12:12 PM
Dollar steadies after recent weakness
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Sharjah24 - WAM: The US dollar stabilised in early Asian trading on Tuesday after President Donald Trump said he had paused a planned military strike against Iran to allow space for negotiations. The move, along with a calmer tone in bond markets following a two-day selloff, helped support sentiment, according to Reuters.

The US dollar index, which tracks the currency against six major peers, was steady at 99.026.

In currency markets, the euro held unchanged at $1.1650, while the British pound slipped 0.1% to $1.3427. The Australian dollar eased 0.1% to $0.7164, and the New Zealand dollar fell 0.1% to $0.5868.

The US dollar remained steady at 6.798 yuan in offshore trading against the Chinese currency.

In crypto markets, Bitcoin rose 0.2% to $77,005.69, while Ether gained 0.8% to $2,131.91.

 
May 19, 2026 / 12:12 PM

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