Dollar up as ‘data junkie’ market seeks direction

NEW YORK (MarketWatch) — The U.S. dollar edged up Tuesday against most major rivals as investors examined economic data and speeches from Federal Reserve officials for insight into when the central bank could begin to slow its monthly asset purchases. Consumer Data Key To Wall Street on TuesdayWall Street traders will have a keen eye on consumer confidence Tuesday. Plus, plans are set for the highest-level engagement between the U.S. and Iran at the U.N. in more than 30 years. Photo: Getty Images.Home prices increased 1.8% in July, down from 2.2% in June, according to a gauge from S&P/Case-Shiller on Tuesday. The seasonally adjusted July gains were 0.6%, the lowest since September, with pressure likely coming from higher mortgage rates.