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Dollar Stands Tall as Fuel Oil Price Surge

Doha: The dollar held firm against most major currencies on Thursday as renewed US strikes on Iran revived safe-haven bids while surging oil prices boosted rate hike bets, keeping the Japanese yen under pressure. The dollar fetched 162.41 yen, hovering near the strongest level since July 1. The euro and the British pound were largely flat and traded at $1.1426 and $1.3392, respectively.

According to Qatar News Agency, the New Zealand dollar remained well bid after the previous day's rate hike and the central bank's hawkish stance, extending its gains by 0.5% to $0.5725. The Australian dollar added 0.1% at $0.6936. The US dollar index, which measures the currency against a basket of six peers, was little changed at 100.96.

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Gold Prices Climb by One Percent Amid Declining Oil Prices

London:Gold prices increased by approximately one percent, bolstered by a decline in oil prices as investors anticipate the upcoming US Federal Reserve monetary policy meeting for insights on future interest rate directions.

According to Qatar News …