New york: The US dollar clung to a more than two-month high on Thursday. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was little changed at 100.24. It surged 0.85 percent to the strongest level since 31st March in the previous session, marking its biggest single-day jump in over three months.
According to Emirates News Agency, the euro last traded a shade stronger at $1.1518, and sterling strengthened to $1.3313, after touching their two-month lows earlier. The Australian dollar was up 0.3 percent at $0.70365, and the New Zealand dollar traded at $0.5794, up nearly 0.5 percent.
The stability in the dollar index comes amid a period of relative calm in the currency markets, with the US dollar maintaining its strength against several major global currencies. This recent activity in the foreign exchange market reflects ongoing global economic conditions and investor sentiment towards the US currency.