The U.S. dollar displayed a mixed performance against its major rivals on Tuesday as investors awaited important economic data, including reports on U.S. manufacturing and service sector activity.
The greenback received some backing amid expectations of a potential victory for former president Donald Trump in the presidential election set for November 5. His proposed tariff and tax policies are anticipated to be inflationary.
Recent polling suggests that Trump is leading U.S. Vice President and Democratic candidate Kamala Harris in crucial battleground states.
The dollar index, which dipped to 103.82 during the Asian session, showed signs of recovery and reached 104.08 shortly after, marking a small gain.
Against the Euro, the dollar strengthened to 1.0799 from 1.0817. The dollar remained relatively stable against the Pound Sterling at 1.2986.
Against the Japanese yen, the dollar rose to 151.10 yen, up from 150.84 yen. However, the dollar fell slightly to 0.7784 against the Australian dollar.
The Swiss franc made slight gains against the greenback, standing at CHF 0.8654. The Canadian dollar also appreciated slightly, moving to C$ 1.3817 after closing at C$ 1.3831 on Monday.
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