Summary Dollar fell Tuesday against euro, yen and British pound as fresh US economic data fails to excite.
NEW YORK (AFP) - The dollar fell Tuesday against the euro, the yen and the British pound as fresh data out of Washington drew an uneven picture of the US economy.
Toward 2100 GMT on Tuesday, the euro at $1.1276, up from $1.1183 on Monday. The dollar fell to 100.30 yen, down from 101.25 and the pound rose to $1.3044, up from $1.2883.
The softening of the dollar largely preceded disclosures on Tuesday from the Federal Reserve as well as the Commerce and Labor Departments offering a mixed view of economic activity.
Industrial production was up 0.7 percent in July and housing starts rose 2.1 percent but inflation was flat.
"The major event from the overnight session was a fairly pronounced bout of US dollar weakness," James Stanley of DailyFX said in a research note.
"Some sources were calling this a crash but in actuality the move had tallied around a -0.8 percent decline on the day peak-to-trough, which should not fit any definition of a crash ."
The dollar s position was also largely unaffected by televised remarks from New York Fed Chairman William Dudley, who suggested that an increase in interest rates in September was not impossible.
