Dollar falls after US inflation data

The US dollar fell against most currencies on Tuesday, after the release of disappointing economic data.

The US consumer price index rose by 0.3% in August, lower than forecasts of 0.4%. 

The core reading (excluding food and fuel prices) rose by 0.1%, lower than forecasts of 0.3%.

Investors are anticipating the next move of the US Federal Reserve, especially after hinting at reducing the size of its bond-buying program before the end of 2021.

Efforts to contain the coronavirus highly transmissible delta variant are continuing around the world by distributing more vaccines.

The dollar index fell against a basket of major currencies by 0.2% to 92.4 points as of 18:10 GMT, after hitting a high of 92.6 points and a low of 92.3 points.