The dollar was fairly steady through the N.Y. session on Tuesday, though was generally firmer overall. Better than expected July housing starts provided early support, allowing EUR-USD to fall to 1.1018 lows from highs of 1.1066. In addition, some disagreement between the EU and IMF over Greece likely weighed. USD-JPY ramped up to 124.46 from pre-data lows of 124.22, as USD-CAD fell back under 1.3100, as oil prices rallied, and as the better U.S. housing data improved Canadian export sentiment. Cable maintained some of its post-U.K.
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