The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, trades on a flat note around 99.55 during the Asian session on Tuesday. The DXY steadies as traders brace for the long-awaited return of US economic data.
The Dow Jones Industrial Average (DJIA) hit another weak patch on Monday, backsliding around 270 points and slipping back below the 47,000 handle to start the new trading week with many of the same questions from last week going unanswered.
The US Dollar (USD) is tracking a little higher overall in cautious trading. Markets are waiting for delayed US data on the one hand and more clues on the tech sector outlook on the other, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.