Dollar inches lower ahead of Fed's decision

The US dollar fell slightly against most of its peers on Tuesday, ahead of the US Federal Reserve's decision, amid focus on Evergrande crisis in China.

The US current account reading showed a deficit of $190 billion in August, better than forecasts of -$193 billion.

The number of the US building permits was at 1.73 million in August, while the number of housing starts was at 1.62 million units, beating forecasts of 1.55 million.

The Fed will convene later today to decide on monetary policy and provide clarity over the future of its moves, and will unveil its decisions tomorrow.

The Organization for Economic Cooperation and Development slashed its forecast for global economic growth in 2021 to 5.7%, and lowered its forecast for the US economic growth this year to 6%.

The dollar index fell against a basket of major currencies by less than 0.1% to 93.1 points as of 19:07 GMT, after hitting a high of 93.2 points and a low of 93.05 points.