The ICE U.S. Dollar Index DXY, +0.16% a measure of the dollar’s strength against a basket of six rival currencies, rose 0.3% to 97.19 late Tuesday in New York.
The euro EURUSD, -0.1915% fell to $1.0965 late Tuesday in New York, down from $1.1014 Monday. The dollar USDJPY, +0.12% strengthened to ¥121.97, up from ¥120.83. The pound GBPUSD, -0.0259% strengthened to $1.5427 from $1.5419 late Monday.
Elsewhere, the Reserve Bank of Australia, in an unexpected move, left its benchmark interest rate unchanged Tuesday, which in turn provided a fillip to the aussie. One aussie AUDUSD, +0.4732% was worth 71.95 U.S. cents in recent trade, up 0.1% from 71.55 cents late Monday in New York.
Meanwhile, the Fonterra global dairy-price index, a measure of dairy prices, fell by 7.4% at the most recent auction, marking a second straight week of declining prices. The news weighed on the New Zealand dollar, which is heavily affected by dairy prices. The kiwi NZDUSD, -0.0900% was down to 66.65 U.S. cents in recent trade from 67.62 U.S. cents late Monday. Dairy prices had risen during the four previous auctions.
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