India, Feb. 18 -- The U.S. dollar firmed against its major counterparts on Tuesday with traders assessing prospects of potential tariffs by the Trump administration, tracking reports from Ukraine peace talks, digesting a batch of U.S. economic data, and the Reserve Bank of Australia's rate cut announcement.
A report released by the Federal Reserve Bank of New York showed a turnaround by regional manufacturing activity in the month of February.
The New York Fed said its general business conditions index jumped to a positive 5.7 in February from a negative 12.6 in January, with a positive reading indicating growth. Economists had expected the index to climb to a negative 1.0.
Meanwhile, the report said optimism about the outlook for condit...