Investing.com - The dollar was broadly higher against the other major currencies on Tuesday, as concerns over the Ukrainien crisis continued to dampen demand for risk-related assets, while markets eyed the release of U.S. data later in the trading session.
The dollar was higher against the euro, with EUR/USD down 0.13% to 1.3802.
Investors remained cautious as the U.S. and the European Union said that they are considering further sanctions against Moscow after pro-Russian separatists on Monday ignored an ultimatum to leave occupied government buildings in eastern Ukraine.
Market participants were eyeing a meeting scheduled on Thursday in Geneva between the U.S., the EU, Ukraine and Russia, with hopes it will bring a political resolution to escalating tensions in Eastern Europe.
Meanwhile, data showed that the ZEW index for German economic sentiment fell to an eight-month low of 43.2 this month, from a reading of 46.6 in March. Analysts had expected the index to decline to 45.0 in April.
The ZEW index for economic sentiment in the euro zone ticked down to 61.2 in April, from 61.5 the previous month, compared to expectations for a fall to 60.7.
The pound was steady against the dollar, with GBP/USD easing 0.06% to 1.6719.
Earlier Tuesday, official data showed that U.K. consumer price inflation rose 0.2% in March, in line with expectations, after a 0.5% increase the previous month.
On a yearly basis, U.K. CPI rose 1.6% last month, in line with market expectations, after a 1.7% gain in February.
The dollar was little changed against the yen , with USD/JPY dipping 0.04% to 101.80 and higher against the Swiss franc, with USD/CHF adding 0.14% to 0.8815.
In Switzerland, official data showed that producer price inflation was flat in March, confounding expectations for a 0.1% slip, after a 0.4% decline in February.
The greenback was higher against the Australian, New Zealand and Canadian dollars, with AUD/USD sliding 0.39% to 0.9385, NZD/USD declining 0.47% to 0.8647 and USD/CAD rising 0.31% to 1.0995.
The Aussie came under pressure after the minutes of the Reserve Bank of Australia's April policy meeting showed that the bank is likely to keep interest rates at record lows for an extended period of time, seeing as low borrowing costs are helping boost domestic growth.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.12% to 79.92.