[size=36]Dollar weakens on weak US data and widening trade war[/size]
dollar fell near the lowest level in a week against the yen on Tuesday , and near the lowest level in nearly two weeks against the euro, and that due to concerns about weak manufacturing data from the United States and indicators on new fronts in the US trade war.
Sentiment was hit after US President Donald Trump announced tariffs on imports of metals from Brazil and Argentina.
The Australian dollar rallied after the country's central bank maintained its optimistic outlook for the economy after keeping interest rates unchanged.
The dollar traded at 109.18 against the yen today in Asia, near a one-week low. It hit 1.1075 against the euro after falling 0.56 on Monday, its biggest drop against the single European currency since Sept. 17.
The dollar index, which tracks the performance of the greenback versus a basket of six major currencies, was steady at 97.905, after Monday's biggest loss in six weeks.
The Australian dollar gained 0.34 percent to $ 0.6842 after the Reserve Bank of Australia kept interest rates at a record low of 0.75 percent on Tuesday at its latest meeting this year.
Trump surprised policymakers in Brazil and Argentina with tariffs on steel and aluminum imports.
In a tweet on Monday, Trump said the fee was needed “with immediate effect” because “Brazil and Argentina are devaluing their currencies, which is not good for our farmers”.
comes as both countries are aggressively trying to strengthen their currencies against the dollar.
The Brazilian real rose 0.3 percent to 4.2230 on Monday after the Central Bank of Brazil made an immediate bid to support the currency. The Argentine peso was little changed at 59.88