US dollar declines against most major currencies

The US dollar decreased against most major currencies amid outlook of less aggressive stance of central bank of the US.

In late New York trading on Tuesday, the euro was up to $1.1572 from $1.1467 in the previous session, and the British pound was up to $1.2902 from $1.2785 in the previous session, Xinhua news agency reported.

The Australian dollar increased to $0.7365 from $0.7327.

The dollar index, which measures the greenback against six major peers, decreased 0.67 per cent to 95.2550.

The US Federal Reserve only needs to raise interest rates by three or four more times before pausing for review, said Dallas Fed President Robert Kaplan on Tuesday.

The US dollar bought 110.41 Japanese yen, higher than 110.21 Japanese yen of the previous session.

The US dollar decreased to 0.9852 Swiss franc from 0.9920 Swiss franc, and it decreased to 1.3044 Canadian dollars from 1.3049 Canadian dollars.

--IANS

pgh/