Dollar drops to 10-day low as yen nears 160
The currency market witnessed the US dollar stabilizing near its lowest level in ten days, amid improving global market sentiment and ongoing tensions in the Middle East. The dollar index registered at 99.66 points, while the Japanese yen remained at 160.23 per dollar, staying close to the 160 level. The euro held steady at 1.159 dollars, and the British pound was at 1.3413 dollars. Meanwhile, the Australian dollar declined by 0.3% to 0.705 dollars following the Reserve Bank of Australia's decision to keep interest rates unchanged.
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