Tuesday morning in Asia, the U.S. dollar jumped to a 5-day high against the Japanese yen. The dollar also showed modest strength against the currencies of Europe and Switzerland, but it held in a tight range against the British pound.
The US dollar, which closed yesterday's trading at 91.65 against the yen strengthened to a 5-day high of 91.79 during early Asian deals on Tuesday. The next upside target level for the dollar-yen pair is seen at 91.9.
In early Asian trading on Tuesday, the US dollar rose to 1.0363 against the Swiss franc and 1.4361 against the euro. If the dollar advances further, it may target 1.039 against the franc and 1.422 against the euro. The euro-dollar and the dollar-franc pairs were worth 1.4382 and 1.0349, respectively at yesterday's close.
Against the currency of U.K., the dollar moved in a tight range between 1.5999 and 1.6008 during early Asian deals on Tuesday. The next upside and downside target levels for the pound-dollar pair are seen at 1.602 and 1.593, respectively. At yesterday's close, the pair was quoted at 1.6003.
The Swiss November UBS consumption indicator, French third quarter final GDP, Italian December business confidence and the Bank of England's housing equity withdrawal report for third quarter are expected in the upcoming European session.
From the U.S., the S&P/Case-Shiller home price index for October and the consumer confidence report for December are due in the North American session.
For comments and feedback: editorial@rttnews.com