Doha: The US dollar held firm on Tuesday as traders braced for a Federal Reserve interest-rate hike and oil prices rebounded following steep losses, while the yen hovered near a four-decade low. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, edged up to 101.01.

According to Qatar News Agency, the euro was last trading at $1.1423, while the British pound traded at $1.3246, largely steady after Prime Minister Keir Starmer resigned and paved the way for an orderly transfer of power. The risk-sensitive Australian and New Zealand dollars each fell about 0.1% to $0.6991 and $0.5704, respectively.

The yen was last trading at 161.59 per dollar after briefly weakening to a two-year low of 161.93 late on Monday.