The dollar rose 1.6 % against the euro on Tuesday, its largest one-day gain since May 19, after a strong new-home sales report and hawkish comments from a Federal Reserve governor shifted investors rate-hike expectations toward the central bank’s September meeting.The index DXY, -0.14% a measure of the dollar’s strength against a basket of six currencies, was at 95.4070.
The dollar USDJPY, -0.06% was buying 123.93 yen, up from ¥123.36 late Monday in New York. One euro EURUSD, +0.1612% was buying $1.1171, down from $1.1348 late Monday in New York. The pound GBPUSD, +0.0954% weakened in sympathy with the euro, Chandler said. It traded at $1.5721, down from $1.5829.
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