The U.S. dollar fell on Tuesday as traders prepared for a series of central bank meetings expected to deliver an interest rate cut by the Federal Reserve.
According to CNN, the U.S. Dollar Index, which measures the greenback’s performance against six major peers, slipped 0.19% to 98.58 after a 0.15% drop in the previous session.
The euro rose to its highest level in a week at $1.1668, while the British pound climbed to $1.3368, an increase of 0.25%.
The Japanese yen rose more than 0.6% to 151.855 per dollar ahead of this week’s Bank of Japan meeting
The Australian dollar often viewed as a proxy for risk appetite rose 0.11% to 0.6563 US dollars, a two-week high, while the New Zealand dollar edged slightly higher to 0.5782.
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