Investing.com - The dollar was little changed against the other major currencies on Tuesday, as markets continued to digest Friday’s strong U.S. jobs report and investors awaited the release of U.S. nonfarm productivity data due later in the day.
EUR/USD held steady at 1.1091.
The greenback remained broadly supported after Friday’s upbeat U.S. nonfarm payrolls report boosted expectations for a rate hike by the Federal Reserve before the end of the year.
GBP/USD slid 0.35% to fresh one-month lows of 1.2994 after the U.K. Office for National Statistics said manufacturing production decreased by 0.3% in June, worse than expectations for a decline of 0.2%.
On an annualized basis, manufacturing production rose 0.9% in June, worse than forecasts for a 1.3% increase.
The report also showed that industrial production inched up by 0.1% in June, in line with forecasts. Year-on-year, industrial production increased by 1.6% in June, matching forecasts.
USD/JPY edged down 0.12% to trade at 102.33, while USD/CHF eased up 0.08% to 0.9831.
The Australian was steady , with AUD/USD at 0.76353, while NZD/USD edged 0.11% lower to 0.7131.
Earlier Tuesday, the National Australia Bank said its business confidence index fell to 4 in July from a reading of 6 the previous month.
Elsewhere, USD/CAD was almost unchanged at 1.3165.
Sentiment on the commodity currencies remained fragile amid lower oil prices on Tuesday, as global supply glut concerns overshadowed rumors of a potential agreement among exporters to freeze output.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at 96.32, not far from Friday’s one-week high of 96.50.