The dollar edged lower Tuesday as investors trimmed bullish bets on the buck and locked in profits following a four-week rally by the currency.The ICE U.S. dollar index DXY, -0.20% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.3% at 99.5360.
Meanwhile, the Turkish lira USDTRY, -0.0487% recorded its worst trading day in nearly three weeks as investors worried about escalating tensions between the two countries.
The euro EURUSD, +0.2537% strengthened to $1.0650, compared with $1.0636 late Monday. The Japanese yen USDJPY, -0.18% traded at ¥122.47, compared with ¥122.92 Monday.
The British pound was one of the few G-10 currencies to weaken against the dollar Tuesday, declining on remarks from Bank of England Chief Economist Andy Haldane, who said he sees more downside risks for the British economy than the central bank’s latest economic outlook reflects.
The pound GBPUSD, +0.1061% traded at $.1.5088, its lowest level in two weeks. It traded at $1.5123 Monday.
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