Dollar Sags Before Inflation Data, Yuan Weakens on Rate Cut

Dollar Sags Before Inflation Data, Yuan Weakens on Rate Cut
Chinese Yuan and U.S. dollar banknotes are seen in this illustration taken on Feb. 10, 2020. Dado Ruvic/Illustration/Reuters
Reuters
Updated:

LONDON/SINGAPORE—The dollar fell slightly on Tuesday as investors awaited U.S. inflation data, while China’s yuan slipped to a six-month low after the central bank lowered a short-term lending rate to boost the economy.

The euro was up 0.42 percent to $1.08 on Tuesday, after touching its highest since May 23 earlier in the session at $1.081.