The US dollar showed a recovery in trading on Tuesday yesterday with the support of the positive US consumer confidence survey report published in the New York session.
The household survey for May showed an increase in readings to 98.0 points, better than the forecast of 87.1.
Data also published in the same session yesterday, US durable goods orders recorded a good reading for April but were not very encouraging.
Although not the main focus of the market, it had some impact on the movement of the US dollar currency, which managed to stop the previous depreciation pattern.
However, investors still remain wary of the risk of market volatility affected by the issue of the trade war between the United States and Europe.
For further trading in the US dollar, investors await the FOMC meeting minutes report and US economic growth data on Thursday.
Today's focus (Wednesday) will be on Australian inflation data, which will drive the movement of the Aussie dollar in the Asian session.
Also in focus, the outcome of the Reserve Bank of New Zealand (RBNZ) policy meeting is expected to cut interest rates for the 6th time in a row.
Expectations are for a 25 basis point cut in interest rates from 3.50% to 3.25% at the latest.
Other major currencies in the market appear to have eased their performance again as the US dollar shows a recovery.
The yen is trading under pressure following a sharp fall in Japanese long-term bond yields.
The Australian and Canadian dollars also show a change of direction, moving weaker again in the market.
European currencies also retreated slightly, showing a stalled upward trend and investors are wary of the risk of further losses that may occur.
