Muscat: The dollar today started on the back foot as traders added to bets for a Federal Reserve interest rate reduction next month. The dollar index, which measures the greenback against a basket of major currencies, remained steady at 98.135 after experiencing declines for two consecutive days.
According to Oman News Agency, the euro added 0.07% to $1.1646, and sterling edged up 0.03% to $1.3504. The dollar slipped 0.11% to 0.8017 Swiss franc, although it ticked up 0.05% to 147.47 yen. In offshore trading, the dollar edged 0.04% lower to 7.1491 yuan. Meanwhile, the Australian dollar gained 0.09% to $0.6512.