The dollar registered a slight decline, in light of volatile trading, when oil prices recovered from a sharp decline in the previous session. It comes at a time when investors are assessing the state of uncertainty surrounding the Iran war, following the sweeping victories achieved by the Democrats in the US midterm elections. The dollar index, which measures the performance of the US currency against a basket of other currencies, is down 0.16% to 101.403 points, after recording the biggest daily drop in three weeks. Euro rises 0.1% to $1.1238 The British pound edged up 0.07% to $1.3481 after the Bank of England raised interest rates for the first time in more than three years, pointing to the possibility of at least one more hike if the conflict in Iran continues. The Japanese currency rose against its US counterpart, with the dollar down 0.47% to 157.68 yen, after the minutes of the Bank of Japan's September meeting reinforced expectations for another interest rate hike.

The dollar registered a slight decline, in light of volatile trading, when oil prices recovered from a sharp decline in the previous session. It comes at a time when investors are assessing the state of uncertainty surrounding the Iran war, following the sweeping victories achieved by the Democrats in the US midterm elections. The dollar index, which measures the performance of the US currency against a basket of other currencies, is down 0.16% to 101.403 points, after recording the biggest daily drop in three weeks. Euro rises 0.1% to $1.1238 The British pound edged up 0.07% to $1.3481 after the Bank of England raised interest rates for the first time in more than three years, pointing to the possibility of at least one more hike if the conflict in Iran continues. The Japanese currency rose against its US counterpart, with the dollar down 0.47% to 157.68 yen, after the minutes of the Bank of Japan's September meeting reinforced expectations for another interest rate hike.