The dollar is falling slightly as investors await inflation data

The dollar fell slightly from its highs on Tuesday as investors awaited US inflation data this week, as they fear a surprise may increase pressure to raise interest rates.

This data is due out on Wednesday, with things expected to remain calm until then.

The Australian and New Zealand dollars rose overnight and settled ahead of the release of inflation data in Asia. The Australian dollar held its gains at $0.6974. It is the same path as the New Zealand dollar, as it reached $0.6281, putting them just above the 50-day moving averages.

As for the British pound, it settled at $1.2084, and the euro remained above parity with the US currency, reaching $1.0194. The Japanese yen maintained its level at 134.94 per dollar.