NEW YORK: The US dollar slipped on Tuesday as investors took some profits after the previous session's gains that also saw a sell-off in equities, while worries about a second coronavirus wave and uncertainty ahead of the US election persisted.
The greenback fell against the currencies that benefit mostly from higher risk appetite such as the euro, sterling, and commodity-linked currencies rose.
"The uncertainty in the economic outlook has not changed one bit," said Edward Moya, senior market analyst, at OANDA in New York, but noted that some positive stories on the US earnings front.
After initially falling, the euro was up 0.2% at $1.1826 in late morning trading. The dollar index, which measures the greenback against a basket of major currencies, weakened 0.2% to 92.92. The greenback fell 0.3% versus the yen to 104.53 yen, and was little changed against 0.9074. The usually risk-sensitive Australian and New Zealand dollars gained. The dollar was last flat 0.1% at 6.7039 yuan.
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