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Forexpros - The U.S. dollar was broadly lower against its major counterparts on Tuesday, as the euro strengthened on the back of a rebound in equities and easing euro zone peripheral bond yields.

During U.S. morning trade, the greenback was weaker against the euro, with EUR/USD climbing 0.58% to hit 1.4192.

The single currency found support as yields on Italian and Spanish government bonds retreated slightly after rising sharply in the previous session amid fears over sovereign debt contagion.

The greenback was also lower against the pound, with GBP/USD rising 0.49% to hit 1.6136.

In addition, the greenback slipped against the yen but climbed against the Swiss franc, with USD/JPY sliding 0.11% to hit 78.94 and USD/CHF rising 0.31% to hit 0.8200.

Earlier Tuesday, Bank of Japan Deputy Governor Hirohide Yamaguchi warned over the impact that the yen's recent gains could have Japan's economic recovery and reiterated the bank's readiness to intervene in currency markets to stem the currency's gains.

Meanwhile, the greenback was broadly lower against its Canadian, Australian and New Zealand counterparts, with USD/CAD tumbling 0.97% to hit 0.9503, AUD/USD advancing 0.88% to hit 1.0702 and NZD/USD rallying 1.32% to hit 0.8560.

The Bank of Canada left its benchmark interest rate unchanged at 1.0% in a widely expected decision earlier, but signaled that it could raise rates in the near-term to curb accelerating inflation.

The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.52%.

Also Tuesday, official data showed U.S. housing starts rose more-than-expected in June to touch a six-month high, while permits for future construction unexpectedly increased.

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