The dollar fell near a three-week low against a basket of currencies on Tuesday, as investors looked to this week's US jobs data for indications of when to reduce stimulus.
According to Arabiya Net, the dollar has been declining since the statements of US Federal Reserve Chairman Jerome Powell at the Jackson Hole conference on Friday, in which he stated that the central bank had It reduces the bond-buying program this year, although it does not give a specific time frame.
Traders said that trading on Tuesday will also likely be affected by month-end inflows from companies for import and export transactions.
The dollar index fell 0.25% to 92.456, its lowest since August 6.
The euro rose 0.3% against the broadly lower dollar and hit a three-week high of $1.18315.
The sterling also rose to a two-week high of $1.38010 before falling back below $1.38.
The yen was little changed and traded at 109.85 against the dollar.
The New Zealand dollar rose 0.9% to $0.70560, a day after Prime Minister Jacinda Ardern partially eased restrictions to combat the COVID-19 pandemic outside Auckland.
China's offshore yuan fell against the dollar, but was broadly stable after weak data from factory and service sector surveys.
For cryptocurrencies, Bitcoin rose 1.6 percent to $47,752, to offset some of the previous day's losses.
