The U.S. dollar edged lower against major rivals Tuesday, falling from a seven-month high against the euro, following weak U.S. manufacturing data and dovish comments from Federal Reserve officials.The euro EURUSD, -0.1034% rose to $1.0625 from $1.0566 late Monday. Overnight, the currency dropped to $1.0557, its lowest since April 14.
The ICE dollar index DXY, +0.04% which measures the dollar against a basket of rival currencies, and which posted in November its biggest monthly performance since January, fell 0.4% Tuesday to 99.80.
Meanwhile, the Canadian dollar dropped against its U.S. counterpart on Tuesday after a weak report on the country’s third-quarter economic growth. The U.S. dollar USDCAD, +0.0674% traded at C$1.3364 Monday afternoon in New York, up from C$1.3320 before the report.
The greenback USDJPY, +0.10% fell to ¥122.89 on Tuesday from ¥123.10 late Monday in New York.
The yen edged lower against the euro EURJPY, +0.01% dropping to ¥130.58 from ¥130.06 late Monday.
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