DXY Remains Positive After Mixed Performance

The U.S. Dollar (USD) showed a mixed performance on Tuesday after data showed a rise in the housing price index and an improvement in consumer confidence.

In addition, Federal Reserve Chair Jerome Powell told the Senate that economic recovery will take some time before achieving substantial progress towards policy goals while playing down the risks of a rise in inflation.

The Dollar Index (DXY), which measures the greenback’s performance against a basket of six major international currencies, remained mostly in the positive territory today, but fluctuated in a range between 89.94 and 90.26, after closing Monday at 90.01.

The index is now up by 0.13% at 90.13.