The U.S. dollar decreased against the euro and Japanese yen on Tuesday as jittery investors favored safe-haven currencies amid plunging oil prices. With no major data came out of the country, U.S. investors focused on the oil market. Oil prices extended losses Tuesday as Russia crude output reached record high.
Russia's oil output climbed 1.5 percent in January, reaching a post-Soviet high level, according to the data from Russian Energy Ministry. Falling oil prices triggered market appetite for safe-haven assets. The greenback fell 0.8 percent against the yen on Tuesday.
The dollar index, which measures the greenback against six major peers,was down 0.11 percent at 98.903 in late trading. In late New York trading, the euro climbed to 1.0909 dollars from 1.0901 dollars of the previous session, and the British pound decreased to 1.4414 dollars from 1.4438 dollars.
The Australian dollar went down to 0.7049 dollars from 0.7101 dollars. The dollar bought 120.17 Japanese yen, lower than 121.09 yen of the previous session. The dollar moved up to 1.0208 Swiss francs from 1.0187 Swiss francs, and it increased to 1.4024 Canadian dollars from 1.3934 Canadian dollars.
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