Doha: The US dollar edged lower on Tuesday but retained most of its recent gains, buoyed by ongoing optimism over a potential tariff agreement between the United States and China. The Chinese yuan climbed to a six-month high, reaching 7.1855 against the dollar.

According to Qatar News Agency, the Australian dollar advanced 0.64% to $0.6412, while the New Zealand dollar gained 0.55% to trade at $0.5889. The yen and the euro recovered after sharp declines in the previous session. The yen rose 0.48% to 147.76 per dollar, following a drop of more than 2% on Monday. The euro added 0.25% to reach $1.1114.

Elsewhere, the US dollar slipped 0.25% to 0.8429 Swiss francs, partially retracing Monday's 1.6% surge. The British pound edged up 0.16% to $1.3199.