Dollar Around 3-Month Low, Set for Biggest Monthly Fall in 2023

Dollar Around 3-Month Low, Set for Biggest Monthly Fall in 2023
A bank employee counts U.S. dollar notes at a Kasikornbank in Bangkok, Thailand, on Jan. 26, 2023. Athit Perawongmetha/Reuters
Reuters
Updated:
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TOKYO/LONDON—The U.S. dollar hit a three-month low against a basket of peers on Tuesday before steadying, as traders continued to unwind long dollar positions before this week’s U.S. and eurozone inflation data.

The dollar index, a measure of the greenback against six major currencies, was last at 103.17, a whisker above the 103.07 it touched in Asia trade, the lowest since Aug. 31.