The U.S. dollar slumped versus major rivals Tuesday, as worries about Greece’s debt woes eased.
The Australian dollar temporarily slumped to a five-and-a-half year low after an interest-rate cut, but regained ground as risk appetite revived. While interbank markets had priced in a 60% chance of a cut, the move appeared to catch some investors a little off-guard.
The ICE dollar index DXY, +0.02% a measure of the U.S. unit against a basket of six major rivals, fell 0.9% to 93.685.
The euro EURUSD, -0.10% rose to $1.1468, up from $1.1341 on Monday, on signs the standoff between the new Greek government and its creditors could soon come to an end.
