The U.S. dollar traded near its highest in almost two weeks versus the yen befor...
TOKYO - The U.S. dollar traded near its highest in almost two weeks versus the yen before the release of data that is forecast to show the U.S. manufacturing sector returned to growth, which would ease concern about the impact of the ongoing Sino-U.S. trade war.
The Australian dollar edged lower before an expected interest rate cut from the Reserve Bank of Australia later on Tuesday. “An RBA rate cut and the risk of a stagnant European economy both should be positive for the greenback.”early in Asia, close to its strongest level in almost two weeks. The dollar index .DXY against a basket of six major currencies rose 0.03% to 99.402, approaching the highest in more than two years.
Several Fed policymakers are scheduled to speak this week, but traders said they will focus most on comments from Fed Chairman Jerome Powell on Friday for hints about the direction of U.S. monetary policy.
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