U.S. Dollar Index Little Lower Ahead Of Yellen Testimony

The September U.S. Dollar Index is trading firm at 96.79, down 0.20. The dollar is trading choppy on Tuesday and generally lower. Business Inventories for May came out up 0.3 percent versus up 0.4 percent in April. Fed Chair Janet Yellen's will testify Wednesday before the House Financial Services Committee. On Thursday, she will appear before the Senate Banking Committee. Market chatter about U.S. data due out on Wednesday is just beginning. MBA Mortgage Index for July 11, PPI for June, Core PPI for June, Empire Manufacturing for July, Industrial Production for June, Capacity Utilization for June, and the Fed's Beige Book for July are all due out on Wednesday.