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Dollar gains in Asia as Bank of Japan minutes ahead

Dollar

The dollar gained in Asia on Tuesday in light trade ahead of lagging central bank minutes from Japan and attention on the Fed’s policy review decision on Wednesday.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.05% to 93.87. Overnight, the dollar steadied above thirteenth-month lows against a basket of global currencies on Monday, as mostly upbeat U.S. economic data helped offset U.S. political jitters.

Fresh on the heels of posting a two-week losing streak, the greenback attempted to make a positive start to the week, after manufacturing and services data topped forecasts, easing concerns about a slowdown in the U.S. economy.

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Paul

The author Paul