Muscat: The US dollar declined in today’s trading to its weakest level in more than two months, while the European currency, the euro, rose: Against a basket of currencies, the dollar fell to a more than two-month low of 106.12.

According to Oman News Agency, the euro rose 0.5 percent to USD 1.0516 and looked set to test its January top at USD 1.0528. Sterling pushed to a two-month top of USD 1.2690, while the yen similarly peaked at 148.85 per dollar, its strongest level since early December 2024. The Aussie was up 0.26 percent at USD 0.6376, not far off from a 2-1/2-month high. The New Zealand dollar similarly rose 0.23 percent to USD 0.5755. The Swiss franc was last at 0.8962 per dollar.