• Business,
  • World

    • Currency Markets Cautious as Central Bank Decisions Loom

    By on February 5, 2026
    Dollars
    Dollars

    US Dollar Holds Firm in Asian Trade

    Singapore:  The US dollar steadied at the start of Asian trading today, as investors awaited interest rate decisions from the European Central Bank (ECB) and the Bank of England (BoE), both of which are widely expected to keep interest rates unchanged later today.

    The US dollar index, which measures the greenback’s performance against a basket of six major currencies, rose 0.2 percent to 96.671, after trading near a two-week high earlier in the session.

    The euro remained stable at $1.1800 ahead of the ECB’s policy announcement, where markets anticipate rates will be left unchanged. The British pound was also flat at $1.3650 ahead of the Bank of England’s decision, with expectations similarly pointing to no change in policy.

    Against the Chinese yuan traded offshore in Hong Kong, the dollar eased 0.1 percent to 6.9386 yuan.

    The Australian dollar edged up 0.1 percent to $0.70045, while the New Zealand dollar strengthened 0.1 percent to $0.60045.

    more recommended stories

    Terms of Use:

  • This website Arabian Daily is an individual’s property, not used for any commercial or sales purposes. What you see here are one’s random thoughts in action. I, by no means, endorse any product or party through this, unless stated explicitly.
  • All work you will find here is copyrighted unless stated otherwise. No part of this work can be reproduced in any way with the exception of a) if you share our work, it should link back to this website; b) if you quote any part of our work, it should be properly credited to us with a link to this website.
  • All images used on this website have been taken from open source image websites on the Internet. If any of them are copyrighted to you and you want us to take them down or add credits, please feel free to contact us here, or by using the contact form on this page.
  • The views expressed on Arabian Daily are solely ours. They do not represent any party or any particular school of thought. This website does not promote racism in any form.
  • Privacy Policy:
    This website will respect the readers’ and the writer’s privacy. We do not sell any of their personal or contact information to another company. We do not put your information on spam lists. Also, and more importantly, we are not responsible for the privacy practices of any of our advertisers or website commenters.
  • Reserve Rights: We reserve the right to change the focus on this website, to shut it down, sell it or to change the terms of use at our own discretion.