On Tuesday, the euro and the yen rose against the dollar as market sentiment deteriorated due to lower European stocks and oil prices after recent gains.
Risk appetite declined after the meeting of the representatives of Saudi Arabia, Russia, Qatar and Venezuela ended with a consensus to "freeze" the production, but not to cut it.
USD Index, which tracks the greenback against a trade-weighted basket of six major rivals, was down 0.26% to 96.50.
The dollar weakened against the yen: USD/JPY has lost 0.65% to 113.86 after Monday's 114.72.
Low-yielding euro rose against the dollar: EUR/USD pair rose 0.23% to 1.1181.
Euro Growth is constrained after ECB President, Mario Draghi, indicated on Monday that the central bank will not hesitate to act to stimulate the growth and inflation in the Eurozone, hinting at the possibility of further easing measures.
Meanwhile on Tuesday, data showed that German economic sentiment deteriorated sharply this month amid concerns over falling oil prices, slowing global growth and heightened market volatility.
The index of German economic sentiment from ZEW fell this month to 1 from 10.2 in January, but was higher than the forecasts of analysts, who expected zero.
The dollar also weakened against the Swiss franc, the demand for which tends to rise when investors fleeing from risk: USD/CHF fell 0.9858 after a one-week high at 0.9888 on Monday.
Pound cut its growth: GBP/USD pair was at 1.4460.
Earlier in the session, the pound jumped to session highs after a survey of the British television network ITV (L: ITV) has shown that a comfortable majority of respondents were in favor of finding the UK in the European Union.
Pound received an additional boost from data showing that the annual rate of inflation in the UK rose in January to an annual peak.
Commodity currencies have reduced growth, but in general keep gains during the session.
AUD/USD is traded at 0.7162 after recent highs at 0.7182, and USD/CAD is now at 1.3793 after falling to 1.3707 earlier.
NZD/USD is traded at 0.6602 after falling earlier by about 1% to a minimum of 0.6589 after data showed that inflation expectations have worsened in the first quarter, raising the prospects of further easing by the central bank.