A surprise overnight policy-rate hike by the Central Bank of Russia did little to stanch the ruble’s steep losses against the dollar in Tuesday trading.The dollar fell against the yen, as unease over Russia and tumbling oil prices steered investors into the Japanese currency. The dollar USDJPY, +0.51% traded at ¥116.58, from ¥117.73 late Monday in New York.
The euro EURJPY, +0.36% rose against the dollar after U.S. housing starts data for November missed the expectations of economists polled by MarketWatch, and a gauge of eurozone business activity improved modestly in December.
The shared currency EURUSD, -0.15% was trading at $1.25, compared to $1.24 Monday.
The dollar gained against the krone USDNOK, +1.86% earlier in the session, only to surrender its gains and trade flat around 7.48 krone per dollar Tuesday afternoon.
The ICE U.S. Dollar Index DXY, +0.17% , a measure of the greenback’s strength against a basket of six trade-weighted currencies, was down 0.64% to 87.8940.
The pound GBPUSD, -0.17% climbed to $1.575, up from $1.56 on Monday, after data showed U.K. inflation fell to a 12-year low in November.
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