The U.S. Dollar was trading mixed on Tuesday as the Euro posted a strong rebound. Economic data was sparse. Canada’s Ivey PMI report showed that the index increased to 61.8, missing estimates of 64.2 and down from the previous 63.1.
New Zealand’s inflation expectations for the quarter showed a 2.0% increase, rising at the same pace as before. The economic data for the remainder of the day will see the release of Canada’s building permits report. FOMC member Barkin is expected to speak later this evening.
Investors will be turning to the RBNZ later tonight for its monetary policy decision. The RBNZ is set to hold interest rates unchanged at today’s meeting.
