Dollar Tenses for Data Verdict on Rate Cut Risks

FOREX - SYDNEY. The dollar was in limbo on Tuesday as investors waited to see how U.S. economic data affected the chance of outsized rate cuts, while a rally in Japanese stocks helped staunch the bleeding in yen carry trades.

The greenback rose 0.33% to 147.72 yen, having briefly touched a one-week high of 148.23 overnight before profit-taking emerged.