Investing.com - The dollar traded in a tight range against major currencies on Tuesday, wavering around the unchanged mark, while trading volumes remained thin during the holiday season, while European, Australian, New Zealand and Hong Kong stock markets remained closed.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, dropped 0.06% at 92.82 by 10:45AM ET (15:45 GMT).
Little reaction was seen in the dollar to a handful of mixed economic data out on Tuesday. The S&P/Case-Shiller home price index showed that 20-city property values increased by 6.4% from a year earlier, its largest gain since July 2014.
Manufacturing activity in the Richmond Federal Reserve region dropped to a reading of 20, from the prior 30, missing estimates for a smaller decrease to 22, while a similar reading from the Dallas Fed shot up to 29.7 from the previous 19.4, blowing past expectations for a reading of 20.0.
In line with lackluster Forex moves, USD/JPY was unchanged at 113.26, despite the fact that that Japanese readings on inflation, household spending and unemployment all beat consensus.
Add a Comment
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.