Muscat: The US dollar today rose to trade near its highest level in about ten days, supported by uncertainty and geopolitical jitters stemming from stalled peace negotiations between the United States and Iran, as well as rising tensions in the Gulf region. The euro traded at $1.1712 after touching its lowest level since 13 April 2026 earlier in the session. The single currency is on track for a weekly decline of 0.4 percent - its first loss in four weeks. Sterling steadied at $1.3497.

According to Oman News Agency, the Australian dollar stood at $0.7165, while the New Zealand dollar traded at $0.59045. Against the Japanese yen, the dollar edged down 0.02 percent to 159.48. The dollar index, which tracks the greenback against a basket of six major currencies, reached 98.644 - near its strongest level since April 13, 2026. The index is poised for modest weekly gains of about 0.4 percent after two consecutive weeks of losses.