NEW YORK, Nov. 29 (Xinhua) — The U.S. dollar climbed in late trading on Tuesday as market participants assessed the Federal Reserve’s monetary policy path.
The dollar index, which measures the greenback against six major peers, rose 0.13 percent to 106.8220.
In late New York trading, the euro was down to 1.0331 U.S. dollars from 1.0342 dollars in the previous session, and the British pound increased to 1.1950 U.S. dollars from 1.1949 dollars in the previous session.
The U.S. dollar bought 138.65 Japanese yen, lower than 138.88 Japanese yen of the previous session. The U.S. dollar was up to 0.9537 Swiss francs from 0.9492 Swiss francs, and it increased to 1.3585 Canadian dollars from 1.3490 Canadian dollars. The U.S. dollar rose to 10.5868 Swedish Kronor from 10.5551 Swedish Kronor.
Fed Chair Jerome Powell is set to speak on the outlook for the U.S. economy, inflation and the labor market at a Brookings Institution event on Wednesday.
New York Fed President John Williams on Monday said interest rates need to rise further and stay high through next year.
In an interview with MarketWatch on Monday, St. Louis Fed President James Bullard said financial markets are underestimating the chances that policymakers will need to be more aggressive next year in raising interest rates to curb inflation.