Dollar weak after mixed US data

Tokyo - The dollar slipped on Tuesday following mixed US data, but it was sitting near a two-year high against China's yuan after Beijing cut interest rates at the weekend for the second time in three months.

In Tokyo, the dollar weakened to ¥119.58, down from ¥120.17 in New York, while the euro rose to $1.1196 from $1.1182.

The dollar was also at 6.2737 yuan, against 6.2850 in US trade, levels not seen since October 2012, and well up from 6.2668 on Friday before the rate cut.