New York: The dollar fell to a six-week low on Tuesday affected by economic tensions and contraction data in some US economic sectors. The dollar index, which measures the US currency against six major peers, was little changed after touching 98.58, the lowest since late April, when it fell to a three-year trough.
According to Qatar News Agency, the greenback was at 142.71 yen, near a one-week low. The euro was barely changed at $1.1446, while New Zealand’s dollar added 0.1% to $0.6045, a new high for the year. The Australian dollar was little changed at $0.64951.
The dollar index sank 0.8% on Monday after data showed US manufacturing contracted for a third month in May and suppliers took longer to deliver goods due to tariffs.