The dollar remained stable against other major currencies on Tuesday, October 10, after it stopped rising following a slight shift to a calmer tone by US Federal Reserve officials.

The Asian session witnessed limited movements, with traders awaiting further statements from the US Federal Reserve later in the day, the minutes of the Fed’s meeting to be released tomorrow, Wednesday, and US inflation data on Thursday to obtain more indications about the direction of interest rates.

The Australian and New Zealand dollars recorded their highest levels in a week before falling to stable levels at $0.6411 and $0.6015, respectively.

The British pound recorded $1.2224 and the euro $1.0561 in the latest trading, in broadly stable trading.

The yen fell slightly, giving up some small gains, as violence in the Middle East supported the appetite for safe haven assets. In the latest trading, it fell 0.1% to 147.7 per dollar.

The Swiss franc settled at 0.9066 to the dollar.

The Israeli shekel settled at 3.95 to the dollar, slightly above the lowest level in almost eight years, after the central bank promised to sell $30 billion in foreign currency.

The dollar index rose 0.1% in latest trading to 106.1.