News: FOREX-US Dollar steadies ahead of central bank meetings

(Updates prices, adds consumer confidence data in paragraphs 3 and 4; comments in paragraphs 5 and 8; adds byline and NEW YORK to dateline)

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 confidence index rose to 117 this month, the highest reading since July 2021, from 110.1 in June. Economists polled by Reuters had expected the index to increase to 111.8.

"The U.S. consumer confidence report suggests the labor market is still not expected to weaken, which should point to strong buying trends going forward," said Edward Moya, senior market analyst at Oanda in New York.

"The consumer isn't weakening and that could disrupt the disinflation process throughout the rest of the year. This report should bolster the Fed hawk argument that we might need to see more tightening beyond July."

The dollar index =USD rose 0.118% to 101.510, hitting a two-week peak earlier of 101.65, with the euro EUR= down 0.31% to $1.1028.

The euro fell for a fifth successive session on Tuesday as evidence of a slowdown in Europe builds after a recent survey showed demand for loans in the euro zone hitting a record low in the second quarter, and separate data showed deterioration of business confidence in Germany this month. This follows disappointing Purchasing Manager Indexes on Monday that came in below expectations for the euro zone as a whole.

"The outlook continues to deteriorate and that is weighing on sentiments a little bit," said Moya. "Overall, we are entering a trading range because we have a couple of rate decisions that could likely dictate the next moves in FX."

Markets have plenty more to watch this week as the Federal Reserve concludes a rate-setting meeting on Wednesday followed by the European Central Bank (ECB) a day later and the Bank of Japan on Friday, as well as earnings from heavyweight companies. Both Google-owner Alphabet GOOGL.O and Microsoft MSFT.O are due Tuesday.

The Japanese yen JPY= strengthened 0.14% versus the greenback at 141.26 per dollar, struggling to recover from heavy losses on Friday on a Reuters report that the Bank of Japan (BOJ) is leaning towards keeping its yield control policy unchanged at this week's policy meeting. Meanwhile, Sterling GBP= was last trading at $1.2842, up 0.08% .

In cryptocurrencies, bitcoin BTC= last rose 0.17% to $29,188.02.

Ethereum ETH= ETH=BTSP last rose 0.29% to $1,855.56.

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	Currency bid prices at 10:48AM (1448 GMT) 

 Description	  RIC		 Last		   U.S. Close  Pct Change	 YTD Pct	   High Bid	Low Bid 
											  Previous				   Change					
											  Session											  
 Dollar index	  =USD																			

							  101.5100		101.4100   +0.12%		 -1.913%		+101.6500   +101.1800 
																								   
 Euro/Dollar	   EUR=EBS																		 

							  $0.0000		 $1.1062	-0.15%		 +3.08%		 +$1.1087	+$1.1041 
																								   
 Dollar/Yen		JPY=EBS																		 

							  0.0000		  141.5050   -0.06%		 +7.86%		 +141.6200   +141.2100 
																								   
 Euro/Yen		  EURJPY=																		 

							  155.80		  156.51	 -0.45%		 +11.05%		+156.8800   +155.6300 
																								   
 Dollar/Swiss	  CHF=EBS																		 

							  0.0000		  0.8695	 +0.01%		 -5.95%		 +0.8700	 +0.8676 
																								   
 Sterling/Dollar   GBP=D3																		  

							  $1.2844		 $1.2825	+0.13%		 +6.19%		 +$1.2864	+$1.2810 
																								   
 Dollar/Canadian   CAD=D3																		  

							  1.3193		  1.3168	 +0.20%		 -2.62%		 +1.3209	 +1.3147 
																								   
 Aussie/Dollar	 AUD=D3																		  

							  $0.6779		 $0.6740	+0.59%		 -0.54%		 +$0.6785	+$0.6727 
																								   
 Euro/Swiss		EURCHF=																		 

							  0.9560		  0.9622	 -0.64%		 -3.39%		 +0.9631	 +0.9561 
																								   
 Euro/Sterling	 EURGBP=																		 

							  0.8586		  0.8624	 -0.44%		 -2.92%		 +0.8637	 +0.8587 
																								   
 NZ				NZD=D3																		  

 Dollar/Dollar				$0.6215		 $0.6204	+0.16%		 -2.13%		 +$0.6230	+$0.6191 
																								   
 Dollar/Norway	 NOK=D3																		  

							  10.1040		 10.0620	+0.39%		 +2.92%		 +10.1540	+10.0200 
																								   
 Euro/Norway	   EURNOK=																		 

							  11.1476		 11.1149	+0.29%		 +6.23%		 +11.2038	+11.0974 
																								   
 Dollar/Sweden	 SEK=																			

							  10.4076		 10.4077	-0.27%		 +0.00%		 +10.4508	+10.3500 
																								   
 Euro/Sweden	   EURSEK=																		 

							  11.4806		 11.5117	-0.27%		 +2.91%		 +11.5265	+11.4677 
																								   
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World FX rates	https://tmsnrt.rs/2RBWI5E 

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