The dollar rises after talks between Kuroda and Booda on the yen; ZEW, UK Data Data Eyed Jobs by Investing.com

Investing.com – The dollar was broadly unchanged against the euro and the pound sterling at the start of trade in Europe but appreciated against the yen after Bank of Japan Governor Haruhiko Kuroda stated that he was ready to take steps to prevent the currency from rising too steeply.

At 3:00 am ET (0800 GMT), the dollar was at 110.75, up from its previous low of 110.45.

Responding to questions from lawmakers, the BoJ would increase stimulus if a sharp rise in the yen hurt the economy and make it more difficult to meet the Bank's 2% inflation target.

The yen was strongly strengthened at the end of last year, when the collapse in risk appetite led traders to unwind carry trades financed in Japanese currency. He had spent the better part of 2019 foregoing these gains until he materialized after last week's extremely bad economic data in the United States.

In Europe, the US dollar continued to rise above US $ 1.13 early in the session, before an avalanche of data over the next few days will indicate whether the slowdown has bottomed out or is getting worse. Tuesday's data calendar is dominated by the German Confidence Index, which is due to be released at 5:00 am (ET) (10:00 GMT).

The, which measures the greenback against a basket of currencies, weakened as the euro rose and was at 96.672 to 3.40 am ET (0840 GMT).

The amount was little changed at $ 1.2929, ahead of the Office for National Statistics monthly, due at 4.30 am (09.30 GMT).