Doha: Currency markets showed signs of fatigue early in Asian trade on Wednesday, with traders cautious over US President Donald Trump's efforts to bring an end to the war with Iran. The US dollar index, which measures the greenback's strength against a basket of six currencies, was down 0.1% at 99.126.

According to Qatar News Agency, the euro edged higher, up 0.1% at $1.1619. The British pound also saw an increase, rising 0.1% to $1.3428. Meanwhile, the New Zealand dollar remained flat at $0.5834.

Against the yen, the US dollar was steady at 158.645 yen. This stability followed the release of minutes from the Bank of Japan's January policy meeting, which revealed that many board members saw the need to continue raising interest rates without a specific pace in mind.

The Australian dollar experienced a fall of as much as 0.2% to $0.6983 before rebounding to trade flat.