The U.S. dollar traded largely unchanged in early European dealings on Tuesday, supported to some extent by rising geopolitical tensions. However, it remained near recent lows as the Federal Reserve's interest rate cuts approach.
As of 12:30 Riyadh time, the Dollar Index stood at 100.69, moving sideways for the day. It is nearing the key support level of 100 against a basket of foreign currencies, with reports indicating further dollar selling ahead of the Fed's rate-cutting cycle
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