NEW YORK: The dollar slipped against the euro on Tuesday after data showed US services industry growth eased and as investors braced for a busy week that includes a European Central Bank rate decision, congressional testimony from Federal Reserve Chair Jerome Powell and US jobs data.
Bitcoin hit a record high on Tuesday, fueled by investors pouring money into US spot exchange-traded crypto products and the prospect that global interest rates may fall.
The euro was 0.11% higher against the dollar at $1.08675.
The offshore yuan was little changed at $7.2116.
The dollar slipped 0.27% against the yen to 150.13, retreating further from last week’s high of 150.85.
A break higher would open the way to November’s top at 151.92, but would also run the risk of provoking Japanese intervention.
Sterling rose 0.24% to $1.2721 ahead of the British budget on Wednesday. Finance Minister Jeremy Hunt has been trying to dampen speculation about big pre-election tax cuts.
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