The US dollar shows slight fluctuations against a basket of currencies during morning trading on Tuesday. The euro is trading in the morning around $1.1083 against $1.1081 at the close of the last session.
The value of the single European currency against the yen is in the region of 118.07 yen compared to 118.15 yen on Monday. The dollar is 106.55 yen against 106.63 yen.
The ICE Index (NYSE: ICE) Dollar, which shows the value of the US dollar against six major world currencies, is down 0.02%. The WSJ Dollar indicator, which tracks the dynamics of the dollar against 16 major world currencies, is losing 0.07%.
The dollar rose on the eve amid growing optimism in the market after reports of Germany preparing incentives in the event of a recession in the economy. As reported, the Minister of Finance of Germany Olaf Scholz did not rule out that Germany could allocate 50 billion euros to support the economy in the event of a crisis. Chinese yuan is trading at 7.0514 yuan per $ 1 on Tuesday, compared with 7.0507 per $ 1 in previous trades.
Meanwhile, the Australian dollar is strengthening at 0.37% and is trading at $ 0.6788 versus $ 0.6763 after the publication of the minutes of the meeting of the publication of the minutes of the meeting of the Reserve Bank of Australia, which state that the regulator will assess the state of the global and domestic economy before deciding on rates.