Dollar Steady Amid US-Iran Tensions and Fed Meeting Uncertainty

Global markets remained cautious on Tuesday as investors assessed conflicting signals over potential US-Iran ceasefire talks and looked ahead to the Federal Reserve's monetary policy meeting. The relief rally sparked by the decision to pause strikes faded quickly, with the US Dollar Index ending Monday virtually unchanged after opening lower.

The Oil prices also remained under pressure following a sharp decline in West Texas Intermediate crude, while weakness in technology stocks added to the cautious mood across markets. The Nasdaq futures were down about 1% in early European trade, contributing to a deterioration in broader market sentiment.

The US Dollar Index remained steady at around 101.50, while investors also awaited the release of the Conference Board's Consumer Confidence Index data for July. The data is scheduled to be published later on Tuesday and could provide additional insight into consumer sentiment.