The US Dollar struggles to stay resilient against its major rivals early Tuesday. The US Dollar Index, which closed in negative territory on Monday, stays on the back foot below 104.00 as investors await January Durable Goods Orders and Conference Board's Consumer Confidence Index data for February. The US economic docket will also feature Housing Price Index for December, alongside Richmond Fed and Dallas Fed Manufacturing Indexes for February.
The benchmark 10-year US Treasury bond yield recovered modestly on Monday and major equity indexes in the US registered small losses. Early Tuesday, the 10-year yield holds steady slightly below 4.3% and US stock index futures trade marginally lower. Durable Goods Orders are forecast to decline by 4.8% in January after staying unchanged in December. Federal Reserve Vice Chair for Supervision Michael Barr will deliver a speech on risks of counterfeit credit later in the day.
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