On Tuesday, the dollar rose against the basket of major currencies after data showed that the US trade deficit in May rose less than expected; the demand for the US dollar as a safe haven is maintained due to the ongoing debt crisis in Greece.
On Tuesday, the Bureau of Economic Analysis reported that the US trade deficit rose to $ 41.87 billion in May from $ 40.7 billion in April, the last figure being revised up from the previously forecast $ 40.88 billion. Analysts expected that in May, the US trade deficit will increase to $ 42.6 billion.
The USD index, showing the ratio of the dollar against the basket of major currencies, went up with 0.89% to 97.29, the highest level since June 2.
The EUR/USD fell 1.04% to 1.0940 after Eurozone officials said to Greece that there is no reason to expect a quick resolution of debt problems, and said they are waiting from Athens offers for additional reforms.
The Eurozone summit, scheduled for the resumption of talks between Greece and the creditors, will be held on Tuesday evening.
On Monday, the European Central Bank said that Greece will maintain emergency funding unchanged on the declared level of last Monday.
The ECB also announced that it will review the risk factors of guaranteed acceptance of the Bank of Greece in the framework of the emergency credit assistance, increasing the pressure on Athens.
The pound also went down; the pair GBP/USD fell 1.15% to 1.5428.
Earlier, the UK Office for National Statistics reported that the volume of industrial production rose in May by 0.4%, compared to expectations of a decline of 0.2%. But the manufacturing sector shows a decline, the volume of manufacturing output fell 0.6% in April after a decline of 0.4%.
The dollar fell against the yen; USD/JPY pair fell 0.31% to 122.19, and rose against the Swiss franc, with USD/CHF increasing 0.67% to 0.9489.
The dollars of Australia and New Zealand showed a decline; the pair AUD/USD fell 1.18% to six-year low at 0.7410 and the pair NZD/USD fell 0.71% to a new five-year low at 0.6638.
Earlier on Tuesday, the Reserve Bank of Australia kept the benchmark interest rate at a record low of 2.00%, which was an expected decision.
Earlier today, the New Zealand Institute of Economic Research said its index of business sentiment environment in the second quarter fell to 5 from 23, during three months to March.
Meanwhile, the pair USD/CAD rose 0.89% to three-month highs at 1.2764, after data showed that Canada's trade deficit rose in May to 3.34 billion Canadian dollars, from 2.99 billion Canadian dollars in April, the figure being revised up from the previously forecast of 2.97 billion Canadian dollars. Analysts expected that in May the trade deficit will be reduced to 2.50 billion Canadian dollars.