Investing.com - The euro was steady close to three-week highs against the dollar on Tuesday supported by hopes for a breakthrough on Greece’s debt negotiations, as investors awaited U.S. fresh economic reports later in the day.
EUR/USD was at 1.0883, not far from Monday’s three-week peaks of 1.0926.
The euro found support after Greek Prime Minister Alexis Tsipras reshuffled the team handling talks with the country’s international lenders, fuelling optimism that a deal will be reached by early May.
Traders were looking ahead to the S&P/Case Shiller housing index and a report on U.S. consumer confidence later in the day for further indications on the strength of the recovery, ahead of Wednesday’s Federal Reserve policy announcement.
Recent disappointing data on employment, home sales and industrial production have prompted investors to scale back expectations on the timing of a first rate hike by the U.S. central bank, sending the dollar lower.
USD/JPY was little changed at 119.07, well below last Thursday’s highs of 120.08.
Elsewhere, the euro dipped against the yen, with EUR/JPY easing to 129.54.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last at 96.93.