USD reduces losses in inactive trading

The dollar stopped falling against other major currencies in quiet trading on Tuesday, as investors continue to focus on the upcoming meetings of the central bank on a background of high expectations of additional stimulus.
GBP/USD rose by 1.47% to 1.3182, rebounding from a 31-year low of 1.2794, reached last Wednesday.
Also on Tuesday, the International Monetary Fund said that Brexit likely to have a "negligible" impact on US economic growth.
USD/JPY rose by 1.66% to 104.49, the highest value since June 24, while USD/CHF rose 0.20% to 0.9848.
The yen weakened after the ruling coalition of Prime Minister Shinzo Abe won a landslide victory in elections on Sunday.
Coalition victory strengthened hopes for fresh stimulus measures.
EUR/USD rose by 0.26% to 1,1870.
Australian and New Zealand dollars rose sharply, AUD/USD rose by 1.31% to 0.7633 and NZD/USD rose 0.97% to 0.7289.
Earlier, the National Bank of Australia said that the index of confidence in the business community rose to 6 in June from 3 the previous month.
USD/CAD fell 0.63% to 1.3036, reaching the highest level since June 28.
Commodity currencies also rose, as on Tuesday, oil prices rose after the Organization of Petroleum Exporting Countries said that in 2017 global oil demand will increase, and excess reserves decrease.
USD index showing the US dollar against a basket of major currencies, was down 0.20% to 96.40, rebounding from the low of the day 96.08.