TOKYO (Reuters) – The dollar trod water against other major currencies in early Asian trade on Tuesday, while the Canadian dollar was supported by rising crude oil prices due to U.S. plans to tighten a clamp down on Iranian oil exports from next month.
Financial markets in Australian and New Zealand reopened after the long Easter holiday, and were set to reopen across Europe later in the day.
Dollar - Index - Basket - Rivals - Shade
The dollar index against a basket of six key rivals was a shade higher at 97.345, still near a 2019 high of 97.71 struck in early March.
The greenback has firmed in recent weeks on the back of higher U.S. 10-year Treasury yields and signs of strength in the U.S. economy following a weak start of the year.
Data - US - Home - Sales - March
Data released overnight showed U.S. existing home sales fell more than expected in March amid supply constraints, and figures for new home sales will be released later in the global day.
While those may provide some pointers to the state of the U.S. economy, a clearer picture should emerge from the gross domestic product report set for release on Friday.
Wake Up To Breaking News!
"Those who stand for nothing fall for anything." - Alexander Hamilton