The U.S. dollar advanced against other major currencies in the European session on Tuesday, as traders await data on house prices to assess the health of world's largest economy.
The Federal Housing Finance Agency, or FHFA's, house price index will probably show an increase of 0.8% month-on-month in May from 0.7% in the prior month.
The data will be closely watched as it give an outlook about Fed's asset purchase program.
Earning results from major companies such as Apple and AT&T will also influence trading.
The greenback added almost 0.9 percent to 100.07 against the yen, bouncing off from a 6-day low of 99.15 hit in the previous session. Further bull run will see the greenback seeking resistance around the 101.00 level.
The Japanese government upgraded its assessment of the economy for a third straight month, saying that the economy is showing signs of recovery and that the deflation is easing.
"The Japanese economy is picking up steadily and shows some movements on the way to recovery," the Cabinet Office said in a monthly report.
Recovering from an early low of 1.5381 against the pound, the greenback reached as high as 1.5331. On the upside, the greenback may find resistance around the 1.525 area.
The numbers of approvals for house purchase and remortgaging continued the upward trend seen since the turn of the year as assistance schemes for mortgage lending helped first-time buyers, the British Bankers' Association said today.
Mortgage approvals totaled 37,278 in June compared to 36,290 in the previous month. But the figure was below the 38,300 level forecast by economists.
The greenback edged up to 1.3164 against the euro area currency after falling to 1.3208 around 10:40 pm ET. If the greenback continues its uptrend, its next likely resistance lies around the 1.31 level.
The greenback strengthened to 0.9401 against the franc, up from a prior low of 0.9348. The next upside target for the greenback is seen around the 0.948 level.
The greenback climbed to 0.9230 against the aussie and 1.0350 against the loonie, recovering from an early multi-day low of 0.9286 and fresh a 1-month low of 1.0317, respectively. The greenback may challenge resistance around 0.915 against the aussie and 1.042 against the loonie.
Canada retail sales data for May is due in the New York session.
Eurozone flash consumer sentiment index for July is set for release at 10:00 am ET.
