TOKYO : The U.S. dollar held its ground against major currencies on Tuesday as tension in Russia simmered and traders looked ahead to U.S. data that may determine the timing of interest rate hikes.
The dollar index rose 0.04 per cent to 102.770. The rouble was flat at 84.40 per dollar after hitting its weakest level since March 2022. U.S. data this week include new orders for durable goods, housing figures, and consumer surveys from The Conference Board and University of Michigan. "We will have many U.S. indicators, which I think will be mixed, so there will be no strong momentum, at least today," said Masafumi Yamamoto, chief currency strategist at Mizuho Securities.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: