Investing.com – The greenback rose Tuesday, nearing three-week highs after new home sales rose unexpectedly.
The , which measures the greenback’s strength against a basket of six major currencies, gained 0.44% at 97.377 as of 10:21 AM ET (14:21 GMT).
rose 4.5% to 692,000 in March. Data on Monday showed that U.S. existing home sales declined in March as investors look for clues on the state of the economy ahead of Friday’s gross domestic product report.
Market volumes remained sluggish as financial markets opened in Europe after the Easter holiday.
“We are in a very range-bound market with the broader picture being more positive for the dollar relative to the euro after the weak eurozone PMI manufacturing data last week,” said Ulrich Leuchtmann, head of FX strategy at Commerzbank (DE:).
was down 0.4% to 1.1210, while sterling inched down, with falling 0.2% to 1.2956.
The dollar was mostly flat against the safe-haven yen, with at 111.91. Elsewhere, jumped 0.5% to 1.3404.
— Reuters contributed to this report.
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Latest posts by investing.com (see all)
- Forex – Australian Dollar Steady After RBA Decision - June 4, 2019
- Yuan Watchers Say 7 Is No Longer a Sticking Point for China - June 4, 2019
- Fresh Losses Coming for Australian Dollar, Strategists Say - June 4, 2019