Here is what you need to know on Tuesday, February 27: The US Dollar struggles to stay resilient against its major rivals early Tuesday.
The US Dollar Index, which closed in negative territory on Monday, stays on the back foot below 104.00 as investors await January Durable Goods Orders and Conference Board's Consumer Confidence Index data for February. The US economic docket will also feature Housing Price Index for December, alongside Richmond Fedand Dallas Fed Manufacturing Indexes for February.
The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR /JPY . During the Asian trading hours, the data from Japan showed that the National Consumer Price Index rose 2.2% on a yearly basis in January, down from the 2.6% increase recorded in December.
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