The dollar index, which tracks the greenback against six major rivals, was up 0.38 percent at 97.351 on Tuesday as new U.S. single-family home sales tumbled from near a 9-1/2-year high in April, but the housing recovery likely remains intact amid a tightening labor market, and traders awaited Thursday's release of the minutes of the U.S. Federal Reserve's meeting in early May. The euro fell 0.48 percent to $1.1182 against the greenback. Against the yen, the dollar was up 0.45 percent at 111.77. The euro is expected to meet resistance and support against the dollar at $1.1267 and $1.0950 respectively, while the dollar is expected to meet resistance and support against the yen at 113.00 and 109.67 respectively.

Disclaimer: This research report is prepared by the Industrial and Commercial Bank of China Limited ("ICBC") based on public information. Facts and views expressed in the report do not reflect the official opinion of ICBC. ICBC makes every effort to use reliable information, but makes no representation that the information is accurate or complete. ICBC bears no responsibility or liability for any direct or indirect loss arising out of (or claimed to be arising out of) using or reliance upon such information. ICBC owns the copyright of this report. This report may not be reproduced, copied, published, distributed or quoted in any way without the express written consent of ICBC. ICBC reserves the right to investigate and prosecute violations of copyright infringement to the fullest extent of the law.