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The Economic Times
The Economic Times
Business

Dollar wavers as markets grapple with Gulf tensions

HONG KONG - The U.S. dollar hovered near a one-week high on Tuesday, with markets torn between conflicting Middle East signals, as hostilities in the region stoked renewed fears over energy supplies while hopes for a ceasefire offered some relief.

Against the yen, the dollar was largely flat at 162.49 yen. The euro was little changed at $1.1417, while the British pound was roughly 0.1% firmer at $1.3441 after Britain's new Prime Minister Andy Burnham vowed to stick to fiscal rules.

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