A person holds banknotes of the Polish Zloty in front of a sticker showing various currencies on July 19, 2022, in Rzeszow, Podkarpackie Voivodeship, Poland.
The euro hung below a two-week high to the dollar as investors braced for the European Central Bank's first interest rate increase since 2011 and the scheduled reopening of a key Russian gas pipeline later in the day.
The dollar hovered near a one-month peak against the euro and pushed to a one-week high versus the yen on Tuesday as traders braced for crucial U.S. inflation data and fresh Federal Reserve interest rate forecasts the following day.
The U.S. currency was supported by higher Treasury yields in the aftermath of surprisingly robust domestic jobs data at the end of last week, which sparked a dramatic paring of bets for Fed rate cuts this year.
The dollar added 0.13% to stand at 157.25 yen early in the Asian day, the highest since June 3.
Persons:
Emmanuel Macron
Organizations:
Central, Bank of Japan, U.S
Locations:
Rzeszow, Podkarpackie Voivodeship, Poland