The US dollar was steady against other major currencies, as market players stayed cautious ahead of a stream of US economic reports due later in the day.

USD/JPY edged higher by 0.50 percent to 109.55.

Market players were keeping an eye on the release of the US housing sector report, consumer prices and industrial production data due later on Tuesday, for further signals on the economy’s strength.

The dollar appeared to shrug off a report by the Federal Reserve Bank of New York indicating that its general business conditions index dropped to -9.0 this month from April’s 9.6. Market analysts had anticipated the index to slump to 6.5.


EUR/USD was also steady at 1.1324.

Meanwhile, the Australian and New Zealand dollars were higher, with AUD/USD higher by 0.45 percent at 0.7322 and with NZD/USD rallying 0.15 percent to 0.6800.

In other news, USD/CAD gained 0.15 percent to change hands at 1.2913.

The U.S. dollar index, which measures the strength of the greenback against a basket of 6 major currencies, was steady at 94.49—still near Friday’s 3-week high of 94.84.

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