India, Aug. 5 -- The U.S. dollar dropped against its most major counterparts in the New York session on Tuesday amid soft ISM services PMI data for July.
The ISM services PMI fell to 50.1 in July from 50.8 in June. The PMI was forecast to rise to 51.5.
Meanwhile, the Trump administration is planning to announce new tariffs on semiconductors and chips by next week.
Fed rate cut odds climbed following last week's jobs data for July and further weighed on the currency.
The greenback retreated to 1.3316 against the pound, 1.1586 against the euro and 0.8065 against the franc, from an early high of 1.3259 and 4-day highs of 1.1527 and 0.8117, respectively. The next possible support for the currency is seen around 1.34 against the pound, 1.17 ...