Dollar falls as risk appetite improves

The US dollar fell against most currencies on Tuesday, as investors turned to risky assets such as stocks and commodities.

The US building permits index was at 1.59 million last month, lower than forecasts of 1.67 million.

The housing starts index was at 1.56 million units in September, lower than forecasts of 1.61 million units.

Several major companies reported their quarterly business results, as Johnson & Johnson reported today its business results for the third quarter.

Meanwhile, the White House stressed that the US economy is not headed over a cliff of an inflationary wave due to the recent spike in commodity prices.

The dollar index fell against a basket of major currencies by 0.2% to 93.7 points as of 19:21 GMT, after hitting a high of 93.9 points and a low of 93.5 points.