Investing.com - The dollar edged higher against the other major currencies on Tuesday as investors awaited a U.S. jobs report later in the day for any indication of how close the Federal Reserve may be to rolling back its stimulus program.
During European morning trade, the dollar gained ground against the yen, with USD/JPY rising 0.21% to 98.37.
The dollar dropped against the other main currencies late last week amid concerns over the negative impact of the 16-day government shutdown on the already fragile U.S. economic recovery.
Fears over a drag on growth fuelled expectations that the Fed would postpone plans to start tapering its stimulus program until at least the beginning of next year.
Investors were looking to the September nonfarm payrolls report, which was being released 18 days behind schedule due to disruption caused by the government shutdown, to help assess the possible timescale for a reduction in Fed stimulus.
Elsewhere, the euro dipped against the dollar, with EUR/USD edging down 0.06% to 1.3672.
The dollar was fractionally higher against the pound, with GBP/USD slipping 0.10% to 1.6129.
The pound had little reaction after data released on Tuesday showed that the U.K. public sector deficit narrowed to GBP11.1 billion in September from GBP12.1 billion in September 2012.
The dollar pushed higher against the Swiss franc, with USD/CHF up 0.16% to 0.9034.
The greenback was little changed against its Australian, New Zealand and Canadian counterparts, with AUD/USD dipping 0.01% to 0.9654, NZD/USD sliding 0.13% to 0.8443 and USD/CAD dipping 0.07% to 1.0296.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, edged up 0.09% to 79.82.
During European morning trade, the dollar gained ground against the yen, with USD/JPY rising 0.21% to 98.37.
The dollar dropped against the other main currencies late last week amid concerns over the negative impact of the 16-day government shutdown on the already fragile U.S. economic recovery.
Fears over a drag on growth fuelled expectations that the Fed would postpone plans to start tapering its stimulus program until at least the beginning of next year.
Investors were looking to the September nonfarm payrolls report, which was being released 18 days behind schedule due to disruption caused by the government shutdown, to help assess the possible timescale for a reduction in Fed stimulus.
Elsewhere, the euro dipped against the dollar, with EUR/USD edging down 0.06% to 1.3672.
The dollar was fractionally higher against the pound, with GBP/USD slipping 0.10% to 1.6129.
The pound had little reaction after data released on Tuesday showed that the U.K. public sector deficit narrowed to GBP11.1 billion in September from GBP12.1 billion in September 2012.
The dollar pushed higher against the Swiss franc, with USD/CHF up 0.16% to 0.9034.
The greenback was little changed against its Australian, New Zealand and Canadian counterparts, with AUD/USD dipping 0.01% to 0.9654, NZD/USD sliding 0.13% to 0.8443 and USD/CAD dipping 0.07% to 1.0296.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, edged up 0.09% to 79.82.