Dollar fell Tuesday after Aug FOMC’s minutes hasn’t surprised the market.
Earlier euro came under pressure after
a report showed German business confidence worsened more than forecast
in August. The Ifo institute's German business confidence index
declined to 94.8, the lowest level in three years, from 97.5 in July.
Economists expected a drop to 97.2.
The pound declined to its
lowest level since July 2006. Data this week may show U.K. home prices
fell by the most in almost two decades.
The yen declined against
the dollar on speculation Japanese pension funds and institutional
investors sold the currency to increase their holdings of Treasuries.