Dollar edges lower amid global growth worries

New York - The dollar edged lower against the euro and yen on Tuesday as another fall in oil prices stirred worries about the weak global economy.

The dollar fell to $1.0917 per euro around 22:00 GMT from $1.0893 at the same time on Monday. The greenback slipped 0.8% to ¥120.01.

Equity markets and oil prices have tumbled for two days after strong gains on Friday following the Bank of Japan's surprise interest rate cut into negative territory kicks tart the world's third-largest economy and fend off deflation.

"The fact that sentiment has soured so quickly after another one of the world's largest central banks adopted negative interest rates and pledged to do more to ease conditions if needed, highlights the extent to which investors are worried about the global economic outlook," said Omer Esiner of Commonwealth Foreign Exchange.