Doha: The US dollar maintained its stability on Tuesday as attempts to negotiate an end to the conflict in the Middle East showed no progress. This situation has caused oil prices to rise, leading investors to worry that interest rates might need to remain high to address inflationary concerns.

According to Qatar News Agency, the euro was trading at $1.1775, while the British pound stood at $1.3602. The dollar index, which evaluates the US currency against six others, was recorded at 97.98. Additionally, the Japanese yen was valued at 157.30 per US dollar.

Meanwhile, the Australian dollar experienced a 0.14% decrease, settling at $0.724 ahead of the federal budget announcement. The New Zealand dollar also saw a slight decline, easing 0.07% to $0.5959.