Dollar higher in Asia
The dollar was trading higher in Asian trade Tuesday after upbeat factory data from the United States eased fears over the global economic outlook.
The greenback rose to 90.86 yen in Tokyo noon trade from 90.59 in New York late Monday. The euro fell to 1.3908 dollars from 1.3931 but firmed to 126.35 yen from 126.21.
The greenback was higher following news that America's manufacturing sector showed the best growth in more than five years in January.
"Evidence of accelerating growth in global manufacturing activity in January appeared to ease, but not erase, fears about the economic and corporate earnings outlook," NAB Capital strategist John Kyriakoppulos wrote in a note.
The Institute for Supply Management on Monday said its manufacturing index, also known as the purchasing managers index (PMI), climbed to 58.4 percent in January from 54.9 percent in December.
It was the sixth consecutive monthly rise in the PMI and the highest reading since August 2004, eclipsing analyst expectations. A number above 50 percent indicates growth.