· The dollar rallied on Tuesday after falling for two straight days, benefiting from the euro's decline following weaker-than-expected euro zone data as well as investors adjusting positions ahead of a global central bankers' conference this week.
In late trading, the dollar index .DXY rose 0.5 percent against six major currencies to 93.549.
The euro EUR=, meanwhile, slid 0.5 percent to $1.1749, retracing most of its overnight gains when it posted its biggest single-day rise so far this month.
The greenback also strengthened against the Japanese currency to fetch 109.75 yen, compared to levels around the 108 handle seen at the beginning of the week.
· Congressional Republicans, seeking to address the complaints of small businesses, are floating changes to their controversial proposal to eliminate business tax deductions for debt interest payments, business lobbyists said on Tuesday.
A top U.S. Republican on tax policy acknowledged that modifications are in the works, but did not provide details.
· U.S. House Speaker Paul Ryan told CNN at a town hall on Monday that tax reform would be easier to pass than the failed healthcare overhaul because Republicans have built a consensus.
· Separately, Senate Majority Leader Mitch McConnell said on Monday that there was "zero chance" that the United States will fail to raise the debt ceiling in September, allaying concerns that the United States is poised to default on its debt, according to media reports.
· Some members of a White House infrastructure advisory council have resigned, the White House said on Tuesday, days after President Donald Trump's response to violence at a rally by white nationalists in Virginia prompted business leaders and cultural figures to quit other panels in protest.
Trump last week disbanded two business advisory councils after several chief executives resigned in protest over his remarks blaming the violence on anti-racism activists as well as white nationalists.
In a statement on Tuesday, the White House did not give a reason for the resignations from the National Infrastructure Advisory Council and said the panel met on Tuesday with the majority of its members. It did not specify how many members quit.
· U.S. bank regulators proposed on Tuesday holding off on implementing stricter capital rules for smaller banks while the agencies review ways to simplify requirements for less complex institutions.
Banks with less than $250 billion in assets and less than $10 billion in foreign exposure would be permitted to continue complying with simpler temporary capital rules beyond the beginning of 2018. Large banks would still face stricter capital requirements, beginning on Jan. 1, 2018.
· U.S. Secretary of State Rex Tillerson appeared to make a peace overture to North Korea on Tuesday, welcoming what he called the restraint it had shown recently in its weapons programs and saying he hoped a path could be opening for dialogue "sometime in the near future.""We have had no missile launches or provocative acts on the part of North Korea since the unanimous adoption of the U.N. Security Council resolution," Tillerson told reporters, referring to U.N. sanctions on North Korea agreed on Aug. 5.
· Brent crude LCOc1 settled 21 cents, or 0.4 percent, higher at $51.87 a barrel. U.S. crude futures for September delivery CLc1 CLU7 closed 27 cents, or 0.6 percent, higher at $47.64 while the more active October contract CLc2 ended the session up 30 cents at $47.83.
Oil inched up on Tuesday, lifted by expectations of another crude stockpile drawdown in the United States but price gains were limited amid the reopening of Libya's largest oil field.
Book-squaring ahead of the U.S. crude September contract's expiry on Tuesday added to price gains, traders and brokers said.
Reference: Reuters, CNBC
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