The U.S. dollar was weak against its peers on Tuesday, turning easy after having rebounded from 2-1/2-year lows in recent sessions thanks to a jump in U.S. Treasury yields.
The dollar index was down nearly 0.5% at 90.04. The index had tumbled to around 89.20 last week.
Against the Euro, the dollar was down 0.45% at $1.2207
The Pound Sterling was stronger by about 1.2%, fetching $1.3668 a unit. The British currency gained against its peers after Bank of England Governor Andrew Bailey downplayed expectations of taking interest rates negative to stimulate the economic growth.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.