The dollar index fell during Tuesday's trading, as investors awaited any progress in trade negotiations before the August 1st deadline for reciprocal tariffs.
The dollar index, which measures the greenback's performance against a basket of six other major currencies, fell 0.1% to 97.77 at 1:18 p.m. Mecca time.
The euro rose 0.1% to $1.1708, amid growing expectations that the European Central Bank will hold interest rates at 2% at its meeting on Thursday.
The pound steadied at $1.3494, and the US currency remained unchanged against its Japanese counterpart at 147.42 yen.
Uncertainty over the future of tariffs is a major pressure on the dollar, with the greenback declining despite Wall Street hitting new record highs.
European diplomats said they are considering broad countermeasures as hopes of reaching a trade agreement with the United States fade before the August 1 deadline, Reuters reported
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