Investing.com

Investing.com - The dollar edged lower against the euro on Tuesday despite data showed that German business confidence deteriorated this month, while the pound was steady ahead of Bank of England Governor Mark Carney''s testimony in parliament.



EUR/USD inched up 0.09% to 1.3613, holding above Monday’s lows of 1.3573.



Data on Tuesday showed that the German Ifo business climate index fell to a six-month low of 109.7 this month from 110.4 in May and compared to estimates of 110.3.



Elsewhere, the dollar was steady against the yen, with USD/JPY at 101.94.



The pound was steady, supported above the 1.70 level, ahead of BoE Governor Mark Carney’s testimony on monetary policy before parliament’s Treasury committee later in the session.



GBP/USD was at 1.7028, not far from the highs of 1.7034 reached last Thursday, the most since August 2009.



Meanwhile, USD/CHF dipped 0.06% to 0.8936.



The Australian dollar was weaker, with AUD/USD down 0.20% to 0.9404, while NZD/USD edged down 0.05% to trade at 0.8706. The Canadian dollar rose to fresh five-and-a-half month highs, with USD/CAD sliding 0.14% to 1.0717.



The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, edged down 0.06% to 80.30.





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