The dollar index fell to 12-session lows of 93.17 during the N.Y. session on Tuesday, before recovering marginally over 93.25 into the close. The greenback got little juice from the U.S. House passage of the tax reform bill, barely reacting to the news. EUR-USD topped at three-week highs of 1.1902, while USD-JPY remained relatively supported, aided by firmer U.S. Treasury yields. USD-CAD was pushed lower by stronger Canada wholesale data, while cable languished on either side of 1.3400. Holiday conditions should keep the FX markets choppy through year-end.
[EUR, USD]