Dollar stumbles against G-4 rivals, rises against ruble

The U.S. dollar weakened against its major rivals Tuesday, despite more indicators of weak economic growth outside the U.S., as a selloff in global equities forced investors to book profits elsewhere.

But the greenback gained against the ruble as analysts said they didn’t expect a bounce in oil prices to last.The ICE U.S. Dollar Index DXY, -0.13% a measure of the dollar’s strength against a trade-weighted basket of six rival currencies, was down 0.34% to 88.7410.

The dollar USDCNY, -0.09%  traded at 6.18 yuan, compared to 6.17 yuan Monday. The yuan’s exchange rate remains controlled within a trading band set daily by the People’s Bank of China

In other Asian currencies, the dollar USDJPY, -0.74%  tumbled to 119.60 yen as Asian equities ended lower. It had traded above ¥121 Tuesday night, its highest level in seven years. Chinese stocks were slammed Tuesday, falling over 4%.

The euro EURUSD, +0.16%  traded at $1.2371 Tuesday. It traded around $1.23 Monday afternoon.

The pound GBPUSD, +0.08%  traded at $1.5663 Tuesday, compared to $1.56 Monday afternoon.