Investing.com – The dollar was quoted higher in early Asia on Tuesday with figures from China ahead on industrial output and retail sales.
was last quoted up 0.04% to 113.60, while was last quoted at 1.3119, down 0.55%. traded at 0.7628, down 0.43%.
Australia reports the review for October and the . In China, is due with a reading of a 7.4% gain seen in October on year, along with seen up 6.3% and with a 10.4% gain expected.
The , which measures the greenback’s strength against a trade-weighted basket of six major currencies, was last quoted up 0.08% to 94.38.
Overnight, the dollar traded higher against a basket of currencies on Monday buoyed by a slump in sterling amid reports that UK Prime Minister Theresa May is set to face a leadership challenge while positive comments on tax reform from President Donald Trump lifted sentiment on the greenback.
Sterling slump to one-week lows against the dollar amid reports that dozens of members from British Prime Minister Theresa Conservative party had agreed to sign a letter of no-confidence in her as some members doubted Mrs. May ability to lead the UK into a successful Brexit.
Also adding to the dollar strength were tweets from President Donald Trump in which he said that he was “proud” of lawmakers for getting “close” to approving a tax bill.
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