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Business / World Business

Dollar recovers in Asia as gold hits new record high

Published: 02 Sep 2025 - 05:22 pm | Last Updated: 02 Sep 2025 - 05:23 pm
Representational file photo.

Representational file photo.

QNA

Singapore: The US dollar clawed back some ground in Asian trading on Tuesday.

The dollar index was last up 0.2% at 97.873, having touched its lowest since July 28 on Monday. Gold hit an all-time high.

Against the yen, the dollar was 0.4% stronger at 147.81 yen, while the euro slipped, last off 0.2% at $1.1690 so far in Asia.

The Australian dollar paused for breath after five days of gain, last trading down 0.3% at $0.6538, near its highest in more than two weeks.

The kiwi traded 0.3% lower at $0.5884 to snap a three-day winning streak, which had pushed the currency to a two-week high.

Sterling traded at $1.3526, down 0.1% so far on the day, retreating from a two-week high reached on Monday.