Doha: The US dollar hovered near a one-week high on Tuesday, as global markets grappled with conflicting signals emanating from the Middle East. Hostilities in the region have renewed fears over energy supplies, while simultaneous hopes for a ceasefire have provided some relief.

According to Qatar News Agency, against the yen, the dollar remained largely flat at 162.50 yen. The euro showed little change, maintaining a rate of $1.1415, and the British pound held firm at $1.3434. The US dollar index, which measures the currency's performance against a basket of six peers, remained steady at 100.96, nearing its highest level since July 15.

The New Zealand dollar experienced a 0.4% increase, reaching $0.5860, its highest level since early June. This came on the back of strong inflation data that reinforced expectations of further rate hikes. Meanwhile, the Australian dollar saw a slight increase, trading at $0.7001.

The Canadian dollar steadied after experiencing a drop to a one-month low. This decline followed the US's imposition of a new 50% tariff on a broad range of Canadian products, citing Ottawa's "discriminatory treatment" as the reason for the tariff imposition.