The US dollar index retreated on Tuesday, paring last week’s gains amid tepid economic data and mixed signals about the projected path of Federal Reserve policy.
The US dollar index, a trade-weighted average of the dollar against six currencies, bottomed out at 98.78. It would later consolidate at 98.76, declining 0.8%. The index approached 100.00 on Monday in anticipation of a heavy slate of global economic and financial data featuring US company earnings.
Below is a breakdown of key rates:
EURUSD: 1.0652 (↑ 0.8%)
GBPUSD: 1.4780 (↑ 0.7%)
USDJPY: 119.44 (↓ 0.6%)
USDCAD: 1.2484 (↓ 0.9%)