LONDON/SINGAPORE (Reuters) - The dollar fell slightly on Tuesday as investors awaited U.S. inflation data, while China’s yuan slipped to a six-month low after the central bank lowered a short-term lending rate to boost the economy.
That helped push the dollar index, which measures the currency against six peers, down 0.26% to 103.32.
The onshore yuan bottomed at 7.168 per dollar, its lowest since last November, and last traded at 7.152.
Its offshore counterpart weakened to a new six-month low of 7.178, before paring its losses slightly.
The Aussie dollar rose more than 0.4% to its highest since May 11 at $0.679, and was last at $0.678.
Persons:
Dado Ruvic, Jane Foley, “ What’s, ” Foley, Julian Evans, Pritchard, ” Sterling
Organizations:
LONDON, REUTERS, Federal Reserve, Rabobank, Fed, Capital Economics, of England, Bank of Japan
Locations:
SINGAPORE, Asia, China