Investing.com - The dollar was steady against the euro and the yen on Tuesday after data showing that Chinese consumer inflation slowed to a five year low last month and as concerns over the Greek debt crisis kept investors cautious.
USD/JPY was at 118.69, off overnight lows of 118.32.
Official data on Tuesday showed that China’s consumer price index rose by an annualized 0.8% in January. It was the weakest reading since November 2009, adding to pressure on Beijing to step up measures to bolster growth in the world’s second-largest economy.
EUR/USD edged up 0.11% to 1.1312, after falling to lows of 1.1269 overnight.
The common currency remained under pressure amid concerns over Greece’s future in the euro zone as negotiations with the European Union over the country's debt and bailout continued.
Greek Prime Minister Alexis Tsipras has said he will deliver on pre-election pledges to roll back austerity measures and reject an international bailout extension.
Instead, he is seeking a new agreement to cover Greece’s funding needs until June.
In other trade, the U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, dipped to 94.61, not far from Friday’s highs of 94.87.