The dollar fell against most major currencies following the release of economic data as well as analysts' assessment of comments by Federal Reserve Chairman Jerome Powell.
The Bureau of Labor Statistics reported Tuesday that the number of job opportunities available increased to 8.14 million opportunities during May, from the April reading, which was revised downward at 7.92 million, and compared to expectations of recording 7.96 million job opportunities.
Speaking at a central bank forum in Sintra, Portugal, on Tuesday, Powell said he wanted to do more to control inflation before reaching full confidence in a rate cut.
Powell cautioned against moving too early to cut interest rates, noting that central banks should be more confident that inflation is moving sustainably toward the 2% target.
According to CME's FedWatch tool, markets are pricing in a roughly 70% chance that the Fed will cut interest rates in September.
In terms of trading, the dollar index fell by 0.2% to 105.6 points by 21:02 GMT, recording a high of 106.05 points and a low of 105.6 points.
euro
The euro against the US dollar settled positively at 1.0745 by 21:44 GMT.
Based on economic data, the annual reading of the consumer price inflation index in the euro zone recorded 2.5% in June, in line with market expectations.
Canadian Dollar
The Canadian dollar rose against its US counterpart by 0.4% to 0.7311 by 21:45 GMT.
