The U.S. dollar climbed against most major currencies on Tuesday as market attention turned to who will be the next head of the U.S. Federal Reserve.
Investors kept a close eye on the candidates for the position of Fed chair when current Fed Chair Janet Yellen's term expires in February next year.
U.S. President Donald Trump said on Monday that he would make his choice on the position "very shortly" and was weighing a short list of three to five people: Janet Yellen, Fed Governor Jerome Powell, Stanford University economist John Taylor, the former Fed governor Kevin Warsh, and White House's National Economic Council Director Gary Cohn.
Local media reported that Powell and Taylor were the front-runners for the job.
Analysts said the rumors have triggered some selling and buying, on perceptions of who might be more dovish or more hawkish.
The dollar index, which measures the greenback against six major peers, was up 0.04 percent at 93.969 in late trading.
In late New York trading, the euro rose to 1.1759 U.S. dollars from 1.1734 U.S. dollars, and the British pound declined to 1.3121 U.S. dollars from 1.3199 U.S. dollars. The Australian dollar decreased to 0.7775 U.S. dollar from 0.7800 U.S. dollar.
The U.S. dollar bought 113.86 Japanese yen, higher than 113.74 yen of the previous session. The U.S. dollar climbed to 0.9907 Swiss franc from 0.9868 Swiss franc, and it edged up to 1.2685 Canadian dollars from 1.2651 Canadian dollars.
Investors kept a close eye on the candidates for the position of Fed chair when current Fed Chair Janet Yellen's term expires in February next year.
U.S. President Donald Trump said on Monday that he would make his choice on the position "very shortly" and was weighing a short list of three to five people: Janet Yellen, Fed Governor Jerome Powell, Stanford University economist John Taylor, the former Fed governor Kevin Warsh, and White House's National Economic Council Director Gary Cohn.
Local media reported that Powell and Taylor were the front-runners for the job.
Analysts said the rumors have triggered some selling and buying, on perceptions of who might be more dovish or more hawkish.
The dollar index, which measures the greenback against six major peers, was up 0.04 percent at 93.969 in late trading.
In late New York trading, the euro rose to 1.1759 U.S. dollars from 1.1734 U.S. dollars, and the British pound declined to 1.3121 U.S. dollars from 1.3199 U.S. dollars. The Australian dollar decreased to 0.7775 U.S. dollar from 0.7800 U.S. dollar.
The U.S. dollar bought 113.86 Japanese yen, higher than 113.74 yen of the previous session. The U.S. dollar climbed to 0.9907 Swiss franc from 0.9868 Swiss franc, and it edged up to 1.2685 Canadian dollars from 1.2651 Canadian dollars.
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