U.S. dollar slips after recent strong momentum

NEW YORK, Jan. 12 (Xinhua) -- The U.S. dollar weakened in late trading on Tuesday, following its recent strong rally.

The dollar index, which measures the greenback against six major peers, was down 0.41 percent at 90.0900.

In late New York trading, the euro increased to 1.2201 U.S. dollars from 1.2163 dollars in the previous session, and the British pound was up to 1.3663 dollars from 1.3524 U.S. dollars in the previous session. The Australian dollar increased to 0.7769 U.S. dollar from 0.7708 dollar.

The U.S. dollar bought 103.80 Japanese yen, lower than 104.15 Japanese yen of the previous session. The U.S. dollar fell to 0.8868 Swiss franc from 0.8894 Swiss franc, and it decreased to 1.2723 Canadian dollars from 1.2775 Canadian dollars.

Prior to Tuesday's dip, the greenback has advanced noticeably recently amid an uptick in U.S. bond yields.

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