The dollar was mixed in N.Y. trade on Tuesday, though again, activity was light into year end. The European major currencies came under some pressure, taking EUR-USD to 1.0900 lows, cable to 1.4785 lows, and USD-CHF to 0.9943 highs. USD-JPY was near sideways, managing a 15 point range of 120.35 to 120.50, while USD-CAD eased from 1.3940 to under 1.3830 on firmer oil prices. Wall Street rallied nicely, as yields moved higher. Incoming data was constructive overall, as housing prices edged up and consumer confidence improved.
[EUR, USD]
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