Dollar remains near one-month lows against rivals

On Tuesday, the dollar fell against other major currencies after on Monday Federal Reserve System Chairman Janet Yellen disappointed markets with the fact that in her speech she did not mention the timing of the next rate raise. Speaking on Monday, Yellen said the central bank does not intend to raise interest rates, while the US economic outlook remains uncertain. Yellen also expects the US recovery will continue, but did not specify the possible timing of the next rate hike. Weak data excluded the possibility of increasing of the rate by Fed in June, so investors have removed their expectations at a later date before the end of this year. The EUR/USD is stable at 1.1347 near three-week high 1.1392 on Monday.