The U.S. dollar rallied against other major currencies Tuesday, as investors awaited a speech from Federal Reserve Chairwoman Janet Yellen.
Yellen is expected to give a speech in Washington, D.C. Tuesday afternoon as she accepts an award for ethics in government.
The Fed left its benchmark interest rates unchanged last week, but did leave the door open for a December rate hike.
A December hike is priced in by the market as recent economic data came out positive. Expectations for a December rate hike are 96.7 percent, according to the CME Group's FedWatch tool.
On the economic front, the number of job openings was little changed at 6.1 million on the last business day of September, generally in line with market estimates, the U.S. Labor Department announced Tuesday.
The dollar index, which measures the greenback against six major peers, was up 0.21 percent at 94.958 in late trading.
In late New York trading, the euro decreased to 1.1583 dollars from 1.1612 dollars in the previous session, and the British pound decreased to 1.3155 dollars from 1.3165 U.S. dollars in the previous session. The Australian dollar lost to 0.7639 dollar from 0.7681 dollar.
The dollar bought 113.91 Japanese yen, higher than 113.80 yen of the previous session. The U.S. dollar rose to 1.0002 Swiss franc from 0.9979 Swiss franc, and it was up to 1.2786 Canadian dollars from 1.2728 Canadian dollars.
Yellen is expected to give a speech in Washington, D.C. Tuesday afternoon as she accepts an award for ethics in government.
The Fed left its benchmark interest rates unchanged last week, but did leave the door open for a December rate hike.
A December hike is priced in by the market as recent economic data came out positive. Expectations for a December rate hike are 96.7 percent, according to the CME Group's FedWatch tool.
On the economic front, the number of job openings was little changed at 6.1 million on the last business day of September, generally in line with market estimates, the U.S. Labor Department announced Tuesday.
The dollar index, which measures the greenback against six major peers, was up 0.21 percent at 94.958 in late trading.
In late New York trading, the euro decreased to 1.1583 dollars from 1.1612 dollars in the previous session, and the British pound decreased to 1.3155 dollars from 1.3165 U.S. dollars in the previous session. The Australian dollar lost to 0.7639 dollar from 0.7681 dollar.
The dollar bought 113.91 Japanese yen, higher than 113.80 yen of the previous session. The U.S. dollar rose to 1.0002 Swiss franc from 0.9979 Swiss franc, and it was up to 1.2786 Canadian dollars from 1.2728 Canadian dollars.
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