Another trading session wrapped with mixed sentiments and mostly downbeat economic data from across the globe, driving traders to seek less-riskier assets and havens. Stocks wavered on tuesday, the euro fell, while dollar rebounded, as traders continued to track progress made in Greek debt-swap talks with bondholders.
The dollar trimmed losses against its peers in early trading, after a governmental report showed that business activity in the Chicago-area unexpectedly cooled, and consumer confidence fell in January, adding to signs the quarter's growth won't be carried out into 2012, however, the dollar picked up after Canada's GDP contracted in November and commodities rallied.
Canada's dollar fell from a three-month high against the the Greenback, after the nation's economy contracted in the fourth quarter. Meanwhile, the USD/CAD pair to trades around $1.0032 from opening level of $1.0023, recording the higest level of $1.0053 and lowest of $0.09965.
on the other hand, the dollar index, which measures the performance of the U.S dollar against a basket of currencies including the euro, the pound and the Japanese Yen, picked up from the opening level of 78.85 to trade around 79.33, recording the highest level at 79.48 while lowest at 78.74.
Gold surged to trade around $1735.86 an ounce, from the opening level of $1729.70, recording the highest level of 1747.63 and lowest at 1725.65. Oil dropped reaching an intraday of $98.82 a barrel from the opening levels of $99.21.
The euro fell to its lowest levels in almost a week versus the dollar, sending the EUR/USD pair to trade around $1.3080 from the opening level of $1.3138, while recording the highest level of $1.3214 and lowest level of $1.3042.
The British Pound rallied against the dollar, driving the GBP/USD pair to trade around $1.5755 from, the opening level of $1.5706, while recording the highest level of $1.5797 and lowest of $1.5701.
Finally, the Dollar fell slightly against the Japanese Yen, as the USD/JPY pair trades around ¥76.24 from the opening level of ¥76.37, while recording the highest level of ¥76.41 and lowest levels of ¥76.16.