Dollar pressured by cautious Fed comments, weak homebuilder sentiment

The dollar index versus a basket of six major currencies crept up 0.1 percent to 94.882. The index was in reach of 95.131, a seven-month peak scaled on Friday when it soared more than 1 percent last week after the U.S. Federal Reserve gave a hawkish signal on interest rates while the European Central Bank struck a dovish tone.

SINGAPORE: The dollar hit a near two-week low against its peers on Tuesday with sentiment soured by Federal Reserve caution on the global outlook and weak data at home, pointing to slower rate hikes.

Overnight, New York Fed President John Williams told a Q&A event that "We will be likely raising interest rates somewhat, but it is really in the context of a very strong economy.”