U.S. dollar declined against most major currencies Tuesday as uncertainty about proposed tax reform and the economy's ability to more interest rate hikes remains.
Worries that U.S. corporate tax cut could be delayed to 2019 have sent the greenback down lately.
In addition, investors were also worried about rising interest rates, said analysts.
Expectations for a December rate hike stood at 96.7 percent, according to the CME Group's FedWatch tool.
The dollar index, which measures the greenback against six major peers, was down 0.72 percent at 93.812 in late trading.
In late New York trading, the euro increased to 1.1795 dollars from 1.1668 dollars in the previous session, and the British pound increased to 1.3170 dollars from 1.3116 U.S. dollars in the previous session. The Australian dollar rose to 0.7635 dollar from 0.7625 dollar.
The dollar bought 113.38 Japanese yen, lower than 113.62 yen of the previous session. The U.S. dollar declined to 0.9893 Swiss franc from 0.9961 Swiss franc, and it was up to 1.2731 Canadian dollars from 1.2728 Canadian dollars.
Worries that U.S. corporate tax cut could be delayed to 2019 have sent the greenback down lately.
In addition, investors were also worried about rising interest rates, said analysts.
Expectations for a December rate hike stood at 96.7 percent, according to the CME Group's FedWatch tool.
The dollar index, which measures the greenback against six major peers, was down 0.72 percent at 93.812 in late trading.
In late New York trading, the euro increased to 1.1795 dollars from 1.1668 dollars in the previous session, and the British pound increased to 1.3170 dollars from 1.3116 U.S. dollars in the previous session. The Australian dollar rose to 0.7635 dollar from 0.7625 dollar.
The dollar bought 113.38 Japanese yen, lower than 113.62 yen of the previous session. The U.S. dollar declined to 0.9893 Swiss franc from 0.9961 Swiss franc, and it was up to 1.2731 Canadian dollars from 1.2728 Canadian dollars.
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