USD rose on Tuesday against a basket of global currencies to bounce back from a two-week low recorded earlier in the session, the first gain in three days, ahead of the release of important data on the US housing sector, one of the most important sectors of the economy The largest in the world.

USD index rose 0.1% at 11:55 GMT, trading at 96.18 points, the opening level of 96.09 points, the highest at 96.23 points and the lowest at 95.91 points, the lowest since November 8.

On Monday, the index lost 0.25%, its second consecutive daily loss, as the US currency continued to fall against a basket of global currencies, after comments by some US monetary policy makers.

Several members of the Federal Reserve expressed caution about the growth of the global economy, especially in Europe and China, and its potential negative impact on the course of US economic growth, prompting investors to reassess the pace of US interest rate hikes in the near future.

US interest rates are close to the central bank’s benchmark rate of interest rates and warned of a slowdown in global economic growth, said Richard Clarida, saying this would be relevant to the US economy’s outlook.

“He sees a slowdown in economic growth in Europe and China,” said Robert Kaplan, chairman of the Federal Reserve in Dallas, in an interview with Fox Business.

“On Monday we are likely to raise interest rates, but it is really in the context of a very strong economy,” said John Williams, head of the Federal Reserve in New York.

Investors are looking ahead to important data on the housing sector in the United States, one of the most important sectors of the US economy, which provides important signs of economic growth in the fourth quarter of this year.

The expected construction announcements are expected at 1.26 million in October from 1.24 million in September, and the number of starts in construction is expected at 1.23 million and the previous reading recorded 1.20 million homes.