The US dollar faced fluctuations in Asian trading on Tuesday as traders monitored comments from several Federal Reserve officials for indications on interest rate direction.
The dollar oscillated between gains and losses, recording the latest transaction at 97.326 points, showing little change. It stabilized against the Japanese yen at 147.775 yen, maintaining its range since the beginning of August.
On another note, the New Zealand dollar dropped by 0.3% to 0.5848 dollars following the government’s announcement about a central bank statement, with markets awaiting the appointment of a new governor for the bank.
The euro held steady at 1.1798 dollars, unchanged after a strong performance on Monday, while the dollar decreased by 4.5% against the Argentine peso.
In Asian currencies, the Indian rupee reached a record high of 88.62 to the dollar under pressure from increased US visa fees, while the Australian dollar fell to 0.6584 dollars, down by 0.2%. The offshore Chinese yuan remained stable at 7.1162 dollars.
Meanwhile, the British pound fluctuated between gains and losses, closing at 1.35075 dollars in the latest session.
