The dollar weakened against the euro and the yen Tuesday ahead of a widely anticipated statement from the Bank of Japan expected early Wednesday local time.The greenback USDJPY, +0.08% was at ¥120.21 late Tuesday in New York, down 0.2% from ¥120.46 late Monday in New York. The euro EURUSD, -0.0266% traded at $1.1276, up 0.7% from $1.1183 late Monday.
The dollar also was weaker against most of its emerging-markets rivals like the Mexican peso USDMXN, +0.0540% Brazilian real USDBRL, +0.0701% and Turkish lira USDTRY, -0.0473% which benefited from a third straight session of “risk on” trade following Friday’s ”ugly” jobs report. Because of the data, which included cuts to numbers reported in July and August, investors expected the Federal Reserve to wait to raise interest rates, possibly until 2016.
In other currency trading, the Australian dollar AUDUSD, +0.0977% rose to a two-week high of 71.44 cents after the Reserve Bank of Australia left interest rates unchanged at its policy meeting early Tuesday.
The ICE U.S. Dollar index DXY, +0.03% a measure of the dollar’s strength against a basket of six currencies, was down 0.7% to 95.4100 in recent trade.
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