On Tuesday, the evergreen buck soared against a basket of key currencies, as US Treasury yields extended their soar ahead of an expected interest rate surge by the Federal Reserve.
The common currency pulled back from one-month peaks right after dovish-sounding comments from European Central Bank officials tempered its recent soar.
With a rate ascend already seen as a done deal, investor focus shifted to what kind of a message the major US bank would deliver after its two-day gathering starting later on Tuesday.
The latest surge in Treasury yields is definitely backing the greenback, but it’s a wait-and-see mood , which is mostly prevailing in the market ahead of the Fed’s verdict.
The dollar index against a group of key currencies gained 0.1%, being worth 101.410, contributing to modest revenues made the previous day.
The US currency stood still at 114.850 yen, having dropped to 115.510 on Friday, its highest value since January 19.
