The US dollar traded lower on Tuesday following mixed economic data and market focus on the US presidential debate.
The US dollar index, which measures the greenback dollar against six major currencies, has declined to 93.957 as of 11.00 p.m.
Today's report shows that US market confidence jumped more than expected in September as the household sector saw the labor market recover. The Conference Board said on Tuesday the consumer confidence index rose to a reading of 101.8 this month from 86.3 in August. Economists on the other hand expect the market confidence index to rise to 89.5 in September.
In addition, the trade deficit increased in August in line with the increase in the import sector. This is expected to stifle economic growth in the third quarter.
Meanwhile, the market focus is now on the first debate between President Donald Trump and his main rival, Joe Biden, which is scheduled to take place on Tuesday (9.00pm American time).
On the other hand, the pound has shown a strengthening dip after both the European Union and the UK have decided to reach an agreement on several matters before 15 October.
The pound traded strongly at 0.25% to a reading level of 1.3047 against the US dollar.
