The Dollar index fell to nearly two-week lows in N.Y. on Tuesday, bottoming at 96.43, a d down from pre-open highs of 97.09. A dovish spin from Fed’s Mester, softer Treasury yields, and a fairly steady risk backdrop weighed down the Greenback. Aside from upbeat housing data, the economic calendar was empty, giving markets little guidance. EUR-USD rallied to 1.1347 from 1.1275 lows, as USD-JPY dipped under 110.50. USD-CAD touched 1.3208 lows, with the CAD aided by higher oil prices. Cable hit a two-week high over 1.3065.
[EUR, USD]