Dollar advanced against its major European counterparts. On the other hand, the dollar slipped against the yen due to across the board rallying of the latter.
U.S Commerce Department is due to release its report on factory goods orders for September . Orders for manufactured goods are likely to have increased 0.9% in the month.
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The US currency edged up against its Swiss counterpart during Tuesday's early trading. The dollar-franc pair hit as high as 1.0238, compared to 1.0218 hit late Monday in New York. If the dollar climbs further, 1.03 is seen as the next upside target level.
The dollar rose to 1.4756 against the euro and 1.6337 against the pound with 1.468 and 1.625, seen as the next upside target levels respectively. The greenback closed Monday’s deals at 1.4777 against the European currency and 1.6410 against the pound.
Elsewhere, the dollar tumbled against the yen during this time period and hit as low as 90.08. This may be compared with Monday's close of 90.23. On the downside, 89.2 is seen as the next target level for the dollar-yen pair.
