New york: The dollar started Thursday on a weaker note as traders increased their bets on a potential Federal Reserve interest rate reduction next month. This sentiment has led to shifts in major currency valuations against the greenback.

According to Qatar News Agency, the dollar index, which tracks the U.S. currency against a basket of six major peers, remained stable at 98.135 after experiencing declines for two consecutive days. In recent trading, the euro saw a modest increase, adding 0.07% to reach $1.1646, while the British pound, or sterling, edged up slightly by 0.03% to $1.3504.

In contrast, the dollar slipped 0.11% against the Swiss franc, landing at 0.8017, although it did witness a minor uptick of 0.05% against the Japanese yen, standing at 147.47. In offshore trading, the dollar edged 0.04% lower to 7.1491 against the Chinese yuan.

Meanwhile, the Australian dollar saw a gain of 0.09%, trading at $0.6512. These movements reflect an overall cautious optimism among traders as they anticipate the Federal Reserve's next steps in monetary policy.