The dollar is slightly falling against the euro and weakly appreciating against the Japanese yen in trading on Tuesday.
The euro/dollar pair was trading at $1.0825 at 8:52 Moscow time, versus $1.0821 at the close of the previous session.
The dollar/yen exchange rate rose 0.07% to 128.66 yen from 128.57 yen at the end of the previous session.
The pound is trading at $1.2195 versus $1.2196 in previous trading.
The index, calculated by ICE, which shows the U.S. dollar trend against six currencies (euro, Swiss franc, yen, Canadian dollar, pound sterling and the Swedish krona), rose 0.18%.
The dollar index is near its lowest level in seven months amid data showing that U.S. inflation slowed in December.
A weakening inflationary pressure in the United States could be the decisive argument for a further slowdown in monetary policy tightening by the Federal Reserve.
Meanwhile, the yuan, which is traded in mainland China, stands at 6.7676/$1 from 6.7336/$1 at the close of the previous session.
China’s economy grew 2.9% year on year in the fourth quarter of 2022, according to data from the State Statistics Office.
Thus, the growth rate slowed significantly from 3.9% in the third quarter.
Analysts on average had expected China’s GDP to rise 1.8% in October-December, Trading Economics reported.
