Forex Pros – The U.S. dollar was up against most of the other major currencies on Tuesday, as risk aversion remained at a high level ahead of the release key U.S. economic data. During European morning trade, the greenback was up against the euro, with EUR/USD shedding 0.37% to hit 1.2609. Earlier in the day, official data showed that industrial new orders in the euro zone rose more-than-expected in June, while Germany’s gross domestic product grew at its fastest pace in the second quarter since German reunification in 1990. The greenback was also up against the pound and the Swiss franc, with GBP/USD shedding 0.72% to hit 1.5401 and USD/CHF gaining 0.29% to hit 1.0442. Earlier in the day, industry data showed that mortgage approvals in the U.K. fell unexpectedly in June. But the greenback was down against the yen, with USD/JPY tumbling 0.90% to hit 84.39. Earlier Tuesday, Japanese Finance Minister Yoshihiko Noda said that recent currency moves are one-sided and added that that the disorderly moves could harm economic stability. Meanwhile, the greenback was also up against its Canadian, Australian and New Zealand counterparts, with USD/CAD gaining 0.72% to hit 1.0597, AUD/USD plummeting 0.84% to hit 0.8839 and NZD/USD declining 0.55% to hit 0.7030. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.32%. Later in the day, the U.S. was to release key data on new home sales.

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