More Videos
- Clinton Talks Policy 'Harmony' During Japan Visit
- Australia's RBA: Stimulus Boost Takes Time
- Japan Finance Minister to Step Down After G7 Furore
- BG Ups Bid for Pure Energy by 25%, Trumps Arrow
- Asian Stocks Tumble, Greenback Up on Safety Bid
- Australia Bourse's First-Half Profit Falls 8.2%
- Delphi Preparing to Lay Off About 800 Workers
- Trichet Warns against Sowing Seeds of Future Crises
- Russia's Super-Rich are Super-Losers, Too
- Buy Berkshire Hathaway? CNBC's On-Air Debate
- Michigan State Apparently Has a Lot of Explaining to Do
- LeBron Must Read "SportsBiz"
- Yoshikami: Stimulus Is a Kick Start, Not the Solution
- Mad Mail: Mastercard or Visa?
- Lightning Round: Best Buy, DuPont, Hess and More
- Lightning Round OT: DirecTV, AstraZeneca and More
- All-Seeing Axsys
- Clear! Boston Scientific Brought Back to Life
Text Size 
The U.S. dollar briefly pared gains versus the euro and fell against the yen Tuesday as stocks extended losses after President Barack Obama failed to provide new details on measures to address the economic crisis in his inauguration speech.
Anticipation that Obama's stewardship of the U.S. economy after Tuesday's inauguration will be better than his predecessor's helped boost demand for the U.S. currency earlier in the session.
The dollar trimmed gains within five minutes after President Obama ended his speech and as U.S. stock indexes extended losses.
The dollar was last trading lower below 91 yen [JPY-TN
Loading...
()
].
 |
It slipped about 30 ticks from pre-inauguration remarks to as low as 89.82 before rebounding, according to Reuters data.
Euro/dollar [EUR-TN
Loading...
()
] rose as high $1.2953, but it slipped to below $1.30.
"The dollar came off within five minutes of (Obama) concluding his inauguration speech. People were looking for some kind of bounce in stocks and that didn't happen so investors said let's sell some more,'' said Brian Dolan, chief currency strategist, at Forex.com in Bedminster, New Jersey.
''That then weighed on the dollar,'' he said.
More From CNBC.com
- Get After-the-Bell Dow 30 Quotes
- Credit Spreads and Libor Data
- Futures and Pre-Market Data
- Currency Data
Print
Email
Data is a real-time snapshot *Data is delayed at least 15 minutes