Investing.com - The dollar slipped lower against the yen on Tuesday and was little changed against the euro as market sentiment remained cautious ahead of a number of significant U.S. economic events later in the week.
During European morning trade, the dollar was lower against the yen, with USD/JPY down 0.33% to 90.53.
Investors were looking ahead to the outcome of the Federal Reserve’s policy meeting and U.S. data on fourth quarter growth on Wednesday, as well as Friday’s nonfarm payrolls report.
The greenback pushed higher against the euro, with EUR/USD edging down 0.10% to 1.3443.
Demand for the single currency continued to be underpinned by optimism that the crisis in the euro zone has turned a corner.
The greenback was trading close to five-month highs against the pound, with GBP/USD easing up 0.11% to 1.5711 as concerns over the U.K. economic outlook and prospects for more easing by the Bank of England weighed.
The greenback was lower against the Swiss franc, with USD/CHF losing 0.18% to trade at 0.9246.
The greenback was broadly lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD dipping 0.02% to 1.0060, AUD/USD up 0.27% to 1.0444 and NZD/USD rising 0.20% to 0.8356.
The Australian dollar found support after the National Bank of Australia said that its index of business confidence improved to 3 in December from a reading of minus 9 the previous month.
In New Zealand, official data showed that the trade surplus widened to NZD486 million in December, well above forecasts for a surplus of NZD110 million.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, dipped 0.03% to 79.87.
The U.S. was to release reports on house price inflation and consumer confidence later in the trading day.
