In a volatile market environment, the US dollar performed well at the opening of the week to recover from the decline at the end of last week.
Analysts warned that the shrinking market volume ahead of the Christmas holiday will lead to high volatility that could risk investors' trading.
The United States (US) economic data published in the New York session yesterday was gloomy, limiting the further strengthening of the US dollar from the previous session.
US durable goods orders data fell 1.1% in November to $285 billion, lower than the forecast.
Meanwhile, the US consumer confidence survey also came in with a more gloomy figure than expected at 104.7 points compared to 112.9.
The number of new home sales in the US also rose to 664,000 in November, close to expectations, compared to the previous month which was revised up to 627,000.
The dollar index (DXY) remained in the 108.00 zone despite showing a slight downward trend.
Meanwhile, the US 10-year treasury yield remained bullish reaching a high of 4.60%, signaling support for the positive performance of the US dollar in the near term.
Investors should be wary of the lack of new clues heading into the end of this week with most major banks also closed for the holiday season.
The Canadian dollar strengthened in the New York session yesterday after the release of economic growth data that recorded an increase of 0.3% for October, beating the forecast for a figure to remain at 0.2%.
