Investing.com – The U.S. dollar was higher against most of its major counterparts on Tuesday, as oil prices eased after surging to a two-and-a-half-year high on Monday, as talks to discuss increasing supplies looked set to begin.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.20% to hit 1.3940.
The greenback was also fractionally higher against the pound, with GBP/USD dipping 0.03% to hit 1.6195.
Earlier Tuesday, industry data showed that U.K. retail sales fell in February, while a separate report showed that house prices continued to drop.
Elsewhere, the greenback advanced against the yen and the Swiss franc, with USD/JPY rising 0.24% to hit 82.43 and USD/CHF surging 0.69% to hit 0.9330.
Earlier in the day, official data showed that the economy watchers' survey index for current conditions in Japan rose to a seven-month high of 48.4 in February. A separate government report showed that Switzerland’s unemployment rate fell in line with expectations in February.
Meanwhile, the greenback was down against its Canadian and New Zealand counterparts but up against its Australian cousin, with USD/CAD shedding 0.12% to hit 0.9718, NZD/USD gaining 0.42% to hit 0.7398 and AUD/USD dipping 0.02% to hit 1.0116.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.17%.
Later in the day, the U.S. was to publish a report on economic optimism, while Germany was to publish official data on factory orders.
During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.20% to hit 1.3940.
The greenback was also fractionally higher against the pound, with GBP/USD dipping 0.03% to hit 1.6195.
Earlier Tuesday, industry data showed that U.K. retail sales fell in February, while a separate report showed that house prices continued to drop.
Elsewhere, the greenback advanced against the yen and the Swiss franc, with USD/JPY rising 0.24% to hit 82.43 and USD/CHF surging 0.69% to hit 0.9330.
Earlier in the day, official data showed that the economy watchers' survey index for current conditions in Japan rose to a seven-month high of 48.4 in February. A separate government report showed that Switzerland’s unemployment rate fell in line with expectations in February.
Meanwhile, the greenback was down against its Canadian and New Zealand counterparts but up against its Australian cousin, with USD/CAD shedding 0.12% to hit 0.9718, NZD/USD gaining 0.42% to hit 0.7398 and AUD/USD dipping 0.02% to hit 1.0116.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.17%.
Later in the day, the U.S. was to publish a report on economic optimism, while Germany was to publish official data on factory orders.