HONG KONG, 25th August, 2026 (WAM) — The US dollar struggled to hold onto gains against major peers on Tuesday.
The euro was a shade higher at $1.1668, hovering near a three-month peak hit last week, while sterling was 0.1 percent stronger at $1.3639, near its six-month peak.
The Canadian dollar held flat at $1.3844, steadying after a 0.6 percent dip in the previous session, as the US threatened to raise tariffs on Canadian goods after trade negotiations collapsed.
The Japanese yen strengthened a tad to 159.21 per dollar, having given back most of its intervention gains but still well off a multi-decade low of about 164.
The dollar index, which measures the US currency against six major peers, was down marginally at 98.96 in Asian trades.
It climbed 0.16 percent overnight, lifting it from three-month lows amid a revived debasement trade, but appeared to be struggling to sustain the momentum.
The New Zealand dollar and the Australian dollar were up 0.1 percent ahead of the Reserve Bank of Australia’s August policy meeting minutes release, last trading at $0.5965 and $0.7157, respectively.
In cryptocurrencies, bitcoin was last up 1 percent at $78,817.34, after registering its largest weekly gain in nearly 3-1/2 years last week.
Source: Emirates News Agency