The
dollar held a two-day advance after two Federal Reserve officials said
they expect the central bank to raise interest rates this year.
The
greenback maintained gains against most of its major counterparts
Monday after New York Fed President William C. Dudley said such a policy
move would probably be followed by gradual tightening. He echoed the
sentiment of Chair Janet Yellen that an uncertain global outlook won’t
postpone liftoff into 2016. San Francisco Fed President John Williams
also repeated Monday that he expects rates to climb this year and warned
of rapidly rising house prices.
The
Bloomberg Dollar Spot Index, which tracks the currency against 10 major
peers, was little changed at 1,214.38 as of 9:32 a.m. in Tokyo. The
greenback was at 119.66 yen from 119.92, and almost unchanged at $1.1248
per euro.
Source: Bloomberg
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