The dollar edged lower against other major currencies on Tuesday, as the previous session’s downbeat U.S. economic reports continued to weigh and as trading was expected to remain quiet with no U.S. data set to be released throughout the session.
EUR/USD was up 0.17% at 1.0916.
The greenback remained under pressure after the Institute of Supply Management said its manufacturing purchasing managers’ index fell to 54.8 in April from 57.2 the previous month, compared to expectations for a downtick to 56.5.
A separate report showed that U.S. personal spending was flat in March, confounding expectations for a 0.2% rise and after a 0.1% gain.
GBP/USD held steady at 1.2887.
Elsewhere, USD/JPY rose 0.19% to trade at 112.06, the highest since March 31.
Earlier Tuesday, data showed that China’s Caixin manufacturing PMI slipped to 50.3 in April from 51.2 the previous month, compared to expectations for an unchanged reading.
The Australian dollar was steady, with AUD/USD at 0.7528 after the Reserve Bank of Australia left its benchmark interest rate unchanged at 1.50% in a widely expected move.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 98.97.