The US dollar edged higher at the start of the European session on Tuesday, maintaining recent gains as traders awaited more economic clues on the resilience of the US economy and the possibility of further gains. policy response from the Federal Reserve.
At 03:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 104.002, not far from all-time highs. in six weeks of 104.67 reached on Friday.
Traders are likely to return to work on Tuesday, after the Monday US holiday to celebrate Presidents Day, and will wait for more economic data.
The key data on Tuesday will be the PMI for February, which is expected to show a slight improvement from the previous month, but most of the attention will be on the minutes of the Fed's last meeting, on earlier this month, will be announced on Wednesday.
Dollar bulls will also keep an eye on Russian President Vladimir Putin's press conference as his invasion of Ukraine enters its second year. This follows US President Joe Biden's surprise trip to Kyiv on Monday, where he pledged to support the country for as long as it's needed.
Elsewhere, EUR/USD fell 0.1% to 1.0667, ahead of the release of preliminary PMI data for the entire Eurozone. The region recorded unexpected growth in the fourth quarter, as traders will be looking to see if this economic recovery continues even if the European Central Bank raises interest rates.
GBP/USD fell 0.2% to 1.2016, with the pound struggling even after the UK recorded an unexpected budget surplus of £5.42 billion in January, January. for which millions of Britons file income tax receipts.
USD/JPY rose 0.4% to 134.74, with manufacturing activity falling more than expected in February while {{ecl-1912||services sector} } performed impressively.
The highlight this week is the speech of the Governor of the Bank of Japan candidate Kazuo Ueda, who is expected to shed more light on the bank's ultra-easy policy this year.
AUD/USD fell 0.3% to 0.6882 after minutes from the last Reserve Bank of Australia meeting showed policymakers considered raising interest rates by 50 basis points, as it attempted to try to reduce inflation from overheating.