The dollar rallied early in the N.Y. session on Tuesday, though was batted down following weak U.S. housing data, and a sharp Wall Street sell off. Global growth concerns drove equities following softer China GDP and an IMF growth downgrade. EUR-USD bottomed at 1.1336 early on, before peaking at 1.1374. USD-JPY opened near 109.40, later falling to 109.14 lows. USD-CAD rallied to 1.3355 highs on weaker oil prices, while cable topped over 1.2970.
[EUR, USD]