The U.S. dollar weakened against its major rivals Tuesday, despite more indicators of weak economic growth outside the U.S., as a selloff in global equities forced investors to book profits elsewhere. But the greenback gained against the ruble as analysts said they didn’t expect a bounce in oil prices to last.The ICE U.S. Dollar Index DXY, -0.13% a measure of the dollar’s strength against a trade-weighted basket of six rival currencies, was down 0.34% to 88.7410. The dollar USDCNY, -0.09% traded at 6.18 yuan, compared to 6.17 yuan Monday. The yuan’s exchange rate remains controlled within a trading band set daily by the People’s Bank of China The euro EURUSD, +0.15% traded at $1.2371 Tuesday. It traded around $1.23 Monday afternoon. The pound GBPUSD, +0.07% traded at $1.5663 Tuesday, compared to $1.56 Monday afternoon.
Gasoline for January delivery RBF5, -1.46% rose nearly 2 cents, or 1%, to settle at $1.7236 a gallon on Nymex, while January heating oil HOF5, -0.90% advanced 3 cents, or 1.4%. to $2.0840 a gallon on Nymex. January natural gas NGF15, -0.27% rose 6 cents, or 1.6%, to finish at $3.6250 per million British thermal units.
Crude-oil futures rose Tuesday, a day after being knocked down to a five-year low amid fears the market won’t find a bottom soon. On the New York Mercantile Exchange, light, sweet crude futures for delivery in January CLF5, -1.28% rose 77 cents, or 1.2%, to settle at $63.82 a barrel. That snapped a three-session losing streak. January Brent crude LCOF5, -1.20% on London’s ICE Futures exchange rose 65 cents, or 1%, to end at $66.84 a barrel. That put an end to a five-session losing streak.