Forex Market Update

The ICE U.S. Dollar Index dipped back below a psychologically significant threshold of 87.0000 Tuesday afternoon as the euro strengthened against the greenback.

The euro surged against the dollar Tuesday, rising as high as $1.2579, as investors took profits following four sessions of losses. The shared currency EURUSD, +0.10%   last traded at $1.2556, compared to $1.2504 late Monday.

The dollar index DXY, +0.04%   was down 0.33% on the day at 86.9780.

The kiwi NZDUSD, +0.14%  traded at 78.12 cents, compared to 77.40 cents late Monday.

Sterling GBPUSD, +0.08%  traded at $1.5995, compared to $1.5981 Monday.