US dollar and euro banknotes are seen in this illustration photo taken July 17, 2022. (Reuters/Dado Ruvic)
The dollar clung to its recent strength near a two-month high on Thursday as fresh Gulf hostilities sent oil prices higher and sapped risk appetite, while the Japanese yen hovered near the key 160 level that kept traders on intervention alert.Iranian attacks on Kuwait damaged its airport and injured dozens on Wednesday while the US military carried out strikes near the Strait of Hormuz, straining a shaky ceasefire and dimming hopes for a diplomatic halt to the war.
The euro stood at $1.1604 and the British pound traded at $1.3424, both largely flat so far in Asia.
The risk-sensitive Australian dollar was steady at $0.7132, and the New Zealand dollar rose 0.2 percent to $0.5872 to rebound from a one-week low.
The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was a shade higher at 99.47, after hitting the strongest level since April 7 in previous session.
