Dollar at a 3 week low


The dollar steadied near a three-week low on Tuesday after weak US data on Monday evening, but rising US Treasury yields prevented a sell-off.
According to Reuters, the dollar index, which measures the performance of the greenback against a basket of major currencies, has largely stabilized at 95.11, slightly above its three-week low of 94.92 last week.

The euro remained under pressure against the US dollar to hold near $ 1.1573 after the Italian government signed an expansionary budget for 2019 that would put an end to a confrontation with the EU for compliance with its rules.

But the single European currency rose against the Swiss franc, signaling a risk appetite that supports the eurozone's assets.

The New Zealand dollar gained 0.24 percent against the US dollar to trade at 0.6567, with domestic inflation exceeding expectations in the third quarter.

The Japanese yen was down 0.19 percent, trading at 111.97 yen per dollar.

The yen hit a one-month high of 111.61 yen on Monday.

The Swiss franc was down 0.17 percent against the dollar, trading at 0.9886, after rising half a percent overnight.

The pound was up 0.5 percent, after job data outstripped expectations ahead of an EU summit this week.