During early Asian deals on Tuesday, the US dollar showed mixed trading against its major counterparts. While the dollar advanced against the yen, it declined versus the euro and the pound. Against the Swiss franc, the dollar strengthened in early trading but reversed direction around 7:55 pm ET.
The dollar gained against the yen in early Asian trading on Tuesday. At 9:20 pm ET, the dollar-yen pair reached 89.50, up from yesterday's close of 89.27. The pair is now worth 89.4 and if the US currency climbs further, it may target the 89.9 level.
The dollar that rose against the Swiss franc in early Tuesday Asian deals lost ground after hitting a high of 1.0750 at 7:55 pm ET. As of now, the dollar-franc pair is trading at 1.0725, down from yesterday's close of 1.0736. The next downside target level for the pair is seen at 1.050.
The dollar fell against the currencies of Europe and U.K. in early Asian deals on Tuesday. At 9:10 pm ET, the dollar touched lows of 1.5614 against the pound and 1.3685 against the euro, compared to yesterday's close of 1.5570 and 1.3650, respectively. If the dollar weakens further, it may likely target 1.374 against the euro and 1.566 against the pound. The dollar is currently trading at 1.5604 against the UK currency and 1.3677 against the euro.
The U.K. RICS house price balance and the BRC retail sales reports released earlier today likely influenced the pound.
The German trade balance for December and the final CPI report for January, U.K. December trade balance are expected in the upcoming European session.
From the U.S., the wholesale inventories report for December has been slated for release in the New York session.
For comments and feedback contact: editorial@rttnews.com
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.