Doha: The dollar weakened on Wednesday after a tame reading on US inflation bolstered expectations of a Federal Reserve rate cut next month. The dollar index, which measures the performance of the US currency against a basket of major currencies, fell to 98.02 points, continuing its decline of 0.5% on Tuesday.
According to Qatar News Agency, the euro was last up 0.1% to $1.1684, having risen 0.5% in the previous session. Against the yen, the dollar edged 0.07% higher to 147.95. Elsewhere, sterling gained 0.03% to $1.3505.
The Australian dollar was up 0.03% to $0.6531, while the New Zealand dollar gained 0.05% to $0.5957.