MY: Dollar little changed vs. rivals ahead of U.S. reports
nvesting.com - Investing.com - The dollar was little changed against the other major currencies on Tuesday, as investors awaited the release of U.S. data later in the day and continued to monitor developments in Ukraine. The dollar remained supported after Federal Reserve Chair Janet Yellen said at Jackson Hole on Friday that the U.S. economy is recovering and added the labor market is improving as well. EUR/USD was steady at 1.3200. Investors remained cautious as Russian President Vladimir Putin was set to meet his Ukrainian counterpart, Petro Poroshenko, later Tuesday amid growing tensions in the region. On Monday, Ukraine said an armored column including 10 tanks entered from Russia as the government in Moscow unveiled plans to send a second convoy with humanitarian aid. The pound held steady, near five-month lows with GBP/USD at 1.6579. Industry data showed that U.K. mortgage approvals rose by 42,800 last month, less than the expected increase of 44,200, after a revised 43,200 rise in June. The dollar was lower against the yen, with USD/JPY down 0.18% to 103.86, and little changed against the Swiss franc, with USD/CHF at 0.9149.