Dollar Stabilizes at 103.13 Points

The dollar stabilized on Monday as traders awaited US economic data to gauge its impact on the prospects of a larger-than-expected interest rate cut, while a rise in Japanese stocks helped stem losses from yen carry trades. The dollar index, which measures the greenback against a basket of six major currencies, was steady at 103.13. The dollar added 0.33 percent to stand at 147.72 yen, after briefly touching a one-week high of 148.23 overnight. The euro was flat at USD 1.0938, while the pound was last trading at USD 1.2778. Meanwhile, the Australian dollar added 0.17 percent to stand at USD 0.6597, while the New Zealand dollar rose 0.3 percent to USD 0.6036. Source: Qatar News Agency