Investing.com - The dollar was little changed against the euro on Tuesday following dovish comments by European Central Bank President Mario Draghi, while the greenback slipped lower against the yen.
During European morning trade, the dollar was steady against the euro, with EUR/USD inching up 0.03% to 1.3079.
Speculation over a fresh rate cut by the ECB mounted after Draghi said Monday that the bank would monitor all euro zone economic data in the coming weeks and was ready to act if needed.
The ECB head said last weekâs rate cut was due to the economic slowdown in the euro zone affecting core economies.
The dollar slipped lower against the yen amid buying by Japanese exporters as markets in Japan reopened after a four-day holiday weekend, with USD/JPY slipping 0.17% to 99.14.
The dollar was little changed close to two-and-a-half month lows against the pound, with GBP/USD dipping 0.02% to 1.5538.
The dollar edged higher against the Swiss franc, with USD/CHF easing up 0.09% to 0.9391.
The Swiss National Bankâs foreign currency reserves fell to CHF433.64 billion in April, data on Tuesday showed, down from 438.3 billion in March.
The greenback was broadly higher against its Australian, New Zealand and Canadian counterparts, with AUD/USD falling 0.62% to 1.0188, NZD/USD down 0.28% to 0.8488 and USD/CAD inching up 0.04% to 1.0072.
The Australian dollar fell to two-month lows after the Reserve Bank of Australia cut interest rates to a record-low 2.75% from 3% and warned that the strong Australian dollar is creating a drag on economic growth.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, dipped 0.04% to 82.35.
Germany was to release official data on factory orders later in the day.
