The U.S. dollar weakened against the euro and a host of other rivals for a fourth session Tuesday, a day before a widely anticipated reading on gross domestic product, and an updated statement from Federal Reserve policy makers.The euro EURUSD, -0.12% finished the North American session above its 50-day moving average for the first time since May, and traded at $1.0968, compared with $1.0876 Monday. The shared currency has strengthened about 4% against the dollar since it fell to a more than 12-year low in March.
The British currency GBPUSD, -0.01% traded at $1.5324, compared with $1.5222 late Monday. The dollar USDJPY, -0.01% edged lower against the yen to trade at ¥118.90, well within a narrow range it has held since mid-March. The dollar traded at ¥119.12 Monday.
The ICE U.S. Dollar Index DXY, +0.04% a measure of the dollar’s strength against a basket of six rivals, was down 0.6% to 96.14.
U.S. stocks closed modestly higher after falling earlier in the trading session, with both the S&P 500 SXP, +0.00% and the Dow Jones Industrial Average DJIA, +0.40% up on Tuesday, while the Nasdaq Composite was lower.
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