US Dollar steadies ahead of central bank meetings

Published by
Reuters UK

By Laura Matthews and Alun John NEW YORK/LONDON (Reuters) – The dollar was steady on Tuesday, as investors remained cautious ahead of a week packed with central bank decisions that could help set the outlook for monetary policy. Signs of an extremely resilient U.S. economy helped the currency recover from a recent 15-month low, as well as persistent weakness in Europe. U.S. consumer confidence increased to a two-year high in July amid continued optimism about the labor market, though worries about a recession persisted, a survey showed on Tuesday. The Conference Board said its consumer confide…

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