During Tuesday early European session, the US currency revealed mixed trading against its key counterparts as investors awaited a series of U.S. economic data, including a final reading of third-quarter gross domestic product, existing home sales for November and the Richmond Fed survey for December. 

greenback, thus, was trading near a 10-week high against pound, while declined from an early Asian session's new multi-week high versus yen. On the other hand, buck flat lower against euro, while recovered its recent losses versus franc.


Against the European currency, the US dollar edged down during early deals on Tuesday. At 2:45 am ET, the dollar touched a low of 1.4333 against the euro, compared to 1.4276 hit late New York Monday. The next downside target level for the dollar is seen around 1.466. EUR/USD rally is currently trading at 1.4314.

The US currency gained ground after hitting a low of 1.6102 against the British pound at 2:40 am ET Tuesday. The dollar thus climbed to 1.6009 against the pound at 5:05 am ET. This set the highest point for the greenback since October 15, 2009. Cable that closed Monday's North American session at 1.6038 is presently trading at 1.6023 with 1.586 seen as the next target level.

The dollar that reached a high of 1.0472 against the Swiss franc at 2:05 am ET Tuesday weakened thereafter. USD/CHF pair thus slipped to 1.0445 before reversing direction at 3:15 am ET. The pair is presently trading at 1.0468, compared to Monday's closing value of 1.0466. If the pair gains further, 1.070 is seen as the next target level.


The greenback that strengthened against the Japanese yen in early Asian deals on Tuesday reversed direction after reaching a new multi-week high of 91.49 at 8:20 pm ET. The pair thus slipped to 91.14 at 2:35 am ET. USD/JPY pair that closed yesterday's New York deals at 91.20 is now worth 91.27. On the downside, 89.9 is seen as the next target level for the pair.