Doha: The dollar held near a one-week high on Wednesday as risk sentiment soured after a hot US inflation reading sent Treasury yields higher, and oil prices inched up on renewed Middle East uncertainty. The euro stood at $1.1735 and the British pound traded at $1.3532, both down roughly 0.05% against the greenback in early Asian trades.

According to Qatar News Agency, the US dollar index, which tracks the greenback against a basket of six major currencies, was steady at 98.335, near the strongest level in a week. The Australian dollar fetched $0.72365, and the New Zealand dollar traded at $0.5954, both remaining largely flat.

The Japanese yen was largely steady at 157.715, after a sudden move stronger on Tuesday had stoked speculation of a "rate check" by authorities, which is often a precursor to currency intervention. Elsewhere, China's yuan traded around 6.79 per dollar, near its strongest since February 2023.