U.S. dollar lower amid geopolitical worries, GDP report

The U.S. dollar decreased against most major currencies Tuesday as investors were seeking safe-haven assets due to the rising tensions between Russia and Turkey, shrugging off the upbeat economic growth report from the country.

The U.S. dollar declined against safe-haven currencies including Japanese yen and Swiss franc Tuesday as concerns over the Middle East situation accumulated after a Russian fighter plane was shot down by Turkish forces near the Syrian border.

The greenback was further under pressure as a letter released Monday showed that Federal Reserve Chair Janet Yellen said she expected to tighten monetary policy "gradually" after liftoff.

The dollar index, which measures the greenback against six major peers,was down 0.17 percent at 99.632 in late trading.

On the economic front, U.S. Commerce Department reported Tuesday that the country's real gross domestic product (GDP) grew at an annual rate of 2.1 percent in the third quarter, in line with market expectations. The latest reading was the agency's second estimate for the GDP growth in the third quarter, compared to a 1.5-percent advance estimate.

In late New York trading, the euro rose to 1.0650 dollars from 1.0623 dollars in the previous session, and the British pound dropped to 1.5087 dollars from 1.5119 U.S. dollars in the previous session. The Australian dollar climbed to 0.7246 U.S. dollar from 0.7186 dollar.

The U.S. dollar bought 122.46 Japanese yen, lower than 122.81 yen of the previous session. The U.S. dollar fell to 1.0152 Swiss franc from 1.0193 Swiss franc and went down to 1.3296 Canadian dollars from 1.3374 Canadian dollars. Endit