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The dollar index fell Tuesday, nearing a four-month low, pressured by a stronger yen after two consecutive sessions of sharp gains.The yen stabilized around the 153–154 per dollar level, with the Japanese currency closing at 154.24 per dollar, some distance away from Friday’s low of 159.23.The euro was steady at $1.1878, having hit a peak of $1.19075 on Monday. Sterling similarly scaled a top of $1.37125 in the previous session and was last bought at $1.3678.The Australian and New Zealand dollars also held on to gains from the previous session and traded at $0.6914 and $0.5970, respectively.Against a basket of currencies, the dollar has fallen more than 1 percent so far in 2026. It was last at 97.05, having hit a four-month low of 96.808 on Monday.

The dollar took a breather on Thursday after a strong run this week that has put it on track for its best performance in nearly a year, helped by a weak yen that has struggled amid a change of guard in Japan's ruling party. The Japanese currency was last a touch stronger at 152.49 per dollar, after having slid to an eight-month low of 153 per dollar overnight. The euro is also under pressure due to the escalating political crisis in France following the shocking resignation of Prime Minister Sebastien Lecornu and his government, although French President Emmanuel Macron is expected to appoint a new prime minister within 48 hours. The moves in the yen and the euro have in turn provided support for the dollar, which is up more than 1% for the week. Sterling rose 0.07% to $1.3413, after having touched a roughly two weeks previous session, while the Australian dollar was last up 0.11% at $0.6594. The New Zealand dollar rose 0.1 % to $0.5792, after falling in the previous session following the Reserve Bank of New Zealand's 50 basis point interest rate cut. Against a basket of currencies, the dollar was little changed at 98.77.