The dollar edged higher Tuesday alongside short-term Treasury yields as investors waited to see if Federal Reserve policy makers would raise interest rates at their meeting later this week.The ICE U.S. Dollar Index DXY, -0.19% which measures the dollar’s strength against a basket of six rival currencies, was up 0.4% to 95.5850.
The euro EURUSD, +0.2396% was down 0.4% from its level late Monday in New York to $1.1267 in recent trade.
The dollar was worth ¥120.42 USDJPY, -0.19% in recent trade, up 0.1% from its level late Monday. The pound GBPUSD, +0.0717% was down 0.6% at $1.5338.
Against emerging-markets currencies, the dollar rose 1.1% against the USDBRL, +0.0259% Brazilian real, but weakened against the Mexican peso USDMXN, -0.0677% South African rand, USDZAR, -0.1173% and Turkish lira USDTRY, -0.0462%
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