The US Dollar trades slightly lower against major peers at the start of the European session.
Two Fed speakers are scheduled on Tuesday.
The US Dollar index trades near the weekly low, though still well above 105.00.
The US Dollar (USD) trades slightly lower against major pairs during the Tuesday European session despite the risk-off mood, with Nvidia becoming the biggest worry for markets after being the golden boy for many weeks in a row. Meanwhile, in Europe, headaches emerge as well ahead of the French snap election’s first round on Sunday.
On the economic front, Tuesday’s calendar includes some housing numbers, the Chicago Fed National Activity Index, the Richmond Fed Manufacturing Index, and the US Conference Board Consumer Confidence as main elements. Additionally, two US Federal Reserve (Fed) members will take the stage and might comment on the current monetary policy stance. One element to highlight as well on the agenda is the first presidential debate on Thursday between current US President Joe Biden and former US President Donald Trump.
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