LONDON: The dollar held near one-month highs against a basket of major currencies early on Tuesday, having remained bid in a session made sluggish by public holidays in the United States and Britain.
The dollar index last traded at 96.381, not far from a high of 96.475 set late in the Asian session on Monday, when dollar bulls were still cheering comments from Federal Reserve Chair Janet Yellen.
In a highly anticipated speech on Friday, Yellen made clear the central bank was poised to raise interest rates this year. She said recent softness in economic data was largely due to “transitory factors” including a harsh winter and labour disputes on West Coast ports.
