Dollar steadies after Monday's bounce

London

THE dollar steadied on Tuesday after posting its biggest daily rise in a week in the previous session as caution set in before the US tax bill becomes reality, with sterling leading early losers.

"With regard to the dollar, everything is already there in the price and we need to see further movement on the tax bill or strong data to push it higher," said Manuel Oliveri, an FX strategist at Credit Agricole in London.