Investing.com - The dollar ticked higher against the other major currencies on Tuesday after slipping in the previous session as expectations for a near term rate hike by the Federal Reserve dimmed. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies ticked up 0.15% to 95.27. The dollar weakened on Monday after Fed Governor Lael Brainard said that the case to tighten monetary policy in the coming months is less compelling. The comments dampened expectations for a rate hike at the Fed’s next meeting which is scheduled for September 20-21. Investors currently price a 15% chance of a rate hike this month; according to federal funds futures tracked Investing.com's Fed Rate Monitor Tool. The Fed raised interest rates for the first time in almost a decade in December. Expectations of higher interest rates typically boost the dollar by making it more attractive to yield seeking investors. The euro was flat against the dollar, with EUR/USD at 1.1239. The dollar regained ground against the yen, with USD/JPY up 0.39% at 102.26. Sterling was weaker, with GBP/USD falling 0.67% to 1.3238. The pound came under pressure after weaker than expected data on U.K. inflation added to concerns over the impact of the June Brexit referendum on the economy.