US dollar lower amid Fed chair's comments
The U.S. dollar decreased against most major currencies Tuesday as Federal Reserve Chair Janet Yellen said the central bank planned to raise interest rates carefully, Xinhua reported.
Yellen said Tuesday the Fed will move cautiously in light of a weak global economy and stubbornly low inflation.
The dollar index, which measures the greenback against six major peers, was down 0.8 percent at 95.137 in late trading.
In late New York trading, the euro rose to 1.1298 dollars from 1.1206 dollars of the previous session, and the British pound climbed to 1.4386 dollars from 1.4260 dollars. The Australian dollar went up to 0.7637 dollar from 0.7544 dollar.
The dollar bought 112.74 Japanese yen, lower than 113.28 yen of the previous session. The greenback decreased to 0.9661 Swiss franc from 0.9736 Swiss franc, and inched down to 1.3056 Canadian dollars from 1.3173 Canadian dollars.