Investing.com - The U.S. dollar traded higher against most its major rivals during Tuesday’s Asian session following the release of some lower-tier data points.
In Asian trading Tuesday, EUR/USD inched down 0.03% to 1.3296. In lethargic trade, the dollar saw demand from investors seeking a safe and liquid venue to camp out ahead of the release of retail sales data in the U.S. on Tuesday.
Consumer demand drive about 70% of the U.S. economy, and strong retail sales can bolster the dollar by stoking sentiments that monetary stimulus tools won't remain in place for much longer.
GBP/USD nudged down 0.04% to 1.5456 after the U.K. RICS said that its home price balance rose 365 last month following a 21% increase in June. Analysts had expected U.K. RICS house price balance to rise to 25% last month.
USD/JPY climbed 0.35% to 97.24 after the Economic and Social Research Institute said that Japan’s core machinery orders fell 2.7% last month after a 10.5% rise in June. That was better than the 7.2% contraction analysts expected.
On Monday, data showed Japan's gross domestic product rose 2.6% on year during the April-to-June quarter, below forecasts for an increase of 3.6%.
USD/CHF rose 0.10% to 0.9268 while USD/CAD added 0.0.8% to 1.0313 as oil prices drifted modestly lower.
AUD/USD slid 0.36% to 0.9116, pulling back from two-week highs after surging off of seven weeks in an impressive rally that started in earnest last week.
NZD/USD fell 0.22% to 0.7993 while the U.S. Dollar Index rose 0.11% to 81.51.
In Asian trading Tuesday, EUR/USD inched down 0.03% to 1.3296. In lethargic trade, the dollar saw demand from investors seeking a safe and liquid venue to camp out ahead of the release of retail sales data in the U.S. on Tuesday.
Consumer demand drive about 70% of the U.S. economy, and strong retail sales can bolster the dollar by stoking sentiments that monetary stimulus tools won't remain in place for much longer.
GBP/USD nudged down 0.04% to 1.5456 after the U.K. RICS said that its home price balance rose 365 last month following a 21% increase in June. Analysts had expected U.K. RICS house price balance to rise to 25% last month.
USD/JPY climbed 0.35% to 97.24 after the Economic and Social Research Institute said that Japan’s core machinery orders fell 2.7% last month after a 10.5% rise in June. That was better than the 7.2% contraction analysts expected.
On Monday, data showed Japan's gross domestic product rose 2.6% on year during the April-to-June quarter, below forecasts for an increase of 3.6%.
USD/CHF rose 0.10% to 0.9268 while USD/CAD added 0.0.8% to 1.0313 as oil prices drifted modestly lower.
AUD/USD slid 0.36% to 0.9116, pulling back from two-week highs after surging off of seven weeks in an impressive rally that started in earnest last week.
NZD/USD fell 0.22% to 0.7993 while the U.S. Dollar Index rose 0.11% to 81.51.