The U.S. dollar declined on Tuesday after Federal Reserve Chairman Jerome Powell sent out dovish message.
Powell said in his semiannual testimony to Congress that the economy is "healthy," but cautioned about "crosscurrents and conflicting signals."
"Financial markets became more volatile toward year-end, and financial conditions are now less supportive of growth than they were earlier last year," said the central bank chief in a prepared speech.
The dollar index, which measures the greenback against six major peers, decreased 0.42 percent at 96.0088 in late trading.
In late New York trading, the euro increased to 1.1396 U.S. dollars from 1.1364 dollars in the previous session, and the British pound increased to 1.3273 dollars from 1.3102 dollars in the previous session. The Australian dollar increased to 0.7193 dollar from 0.7175 dollar.
The U.S. dollar bought 110.52 Japanese yen, lower than 111.13 Japanese yen of the previous session. The U.S. dollar was down to 0.9990 Swiss franc from 1.0002 Swiss francs, and it decreased to 1.3167 Canadian dollars from 1.3193 Canadian dollars.
Powell said in his semiannual testimony to Congress that the economy is "healthy," but cautioned about "crosscurrents and conflicting signals."
"Financial markets became more volatile toward year-end, and financial conditions are now less supportive of growth than they were earlier last year," said the central bank chief in a prepared speech.
The dollar index, which measures the greenback against six major peers, decreased 0.42 percent at 96.0088 in late trading.
In late New York trading, the euro increased to 1.1396 U.S. dollars from 1.1364 dollars in the previous session, and the British pound increased to 1.3273 dollars from 1.3102 dollars in the previous session. The Australian dollar increased to 0.7193 dollar from 0.7175 dollar.
The U.S. dollar bought 110.52 Japanese yen, lower than 111.13 Japanese yen of the previous session. The U.S. dollar was down to 0.9990 Swiss franc from 1.0002 Swiss francs, and it decreased to 1.3167 Canadian dollars from 1.3193 Canadian dollars.
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