On Tuesday, the evergreen buck managed to gain in Asia in a busy regional data day, which highlighted some weaker than expected figures on trade in New Zealand as well as Australia and also industrial output in Japan.
The US dollar index, assessing the greenback’s value against a trade-weighted basket of six crucial currencies, jumped 0.08%, trading at 101.22.
In New Zealand, the trade balance for January demonstrated a deficit of NZ$3.470 billion year-on-year, which is wider than the NZ$3.195 billion gap expected. The currency pair NZD/USD hit 0.7182, decreasing 0.15% after the data
The currency pair USD/JPY dropped 0.10%, being worth 112.59 after the figures with the focus more on a speech by Donald Trump later in the day to a joint-session of the American Congress, which could touch on trade policies and tax and spending plans.
Overnight, the greenback reversed earlier losses against a slew of key currencies, as optimism surrounding a March interest rate lift increased.
