The
dollar halted its longest losing streak in three weeks before Federal
Reserve Chair Janet Yellen’s first speech since the central bank met
last month.
The
U.S. currency rose against the euro and the yen as Yellen prepares to
address Congress on Wednesday, after indicating policy makers will
review raising rates in December. Fed Vice Chairman Stanley Fischer and
New York Fed President William C. Dudley also speak the same day. The
euro fell for the first time in four days as European Central Bank
President Mario Draghi reiterated that policy makers will consider
whether to add more stimulus at their next meeting.
The
Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10
of its peers, added 0.1 percent as of 1:51 p.m. in New York. The
greenback climbed 0.6 percent to $1.0952 per euro and 0.3 percent to
121.15 yen.
Source: Bloomberg
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