Muscat: The dollar remained close to its highest level in two months today, gaining against most major currencies as uncertainty over the Middle East ceasefire weighed on risk appetite and reinforced trader expectations of a Federal Reserve rate hike later this year.

According to Oman News Agency, the euro traded at $1.1528, while sterling stood at $1.3335, both down about 0.05 percent after touching two-month lows in the previous session. The risk-sensitive Australian dollar fell 0.1 percent to $0.7039, while the New Zealand dollar traded at $0.5804.

The yen weakened to 160.295 per dollar, continuing to hover around the 160 level, widely seen as the threshold for potential official intervention. The dollar index, which tracks the US currency against a basket including the yen and the euro, held steady at 100.03, staying close to Monday's two-month high of 100.21.

The offshore yuan steadied at 6.7857 per dollar ahead of trade data due later today, which is expected to show an acceleration in Chinese export growth for May 2026.