• The dollar inched up against a basket of currencies on Tuesday as U.S. Treasury yields extended their rise ahead of an expected interest rate hike by the Federal Reserve.
The euro pulled back from multi-week highs after dovish-sounding comments from European Central Bank officials tempered its recent surge.
The dollar index against a group of major currencies .DXY was up 0.1 percent at 101.440, adding to modest gains made the previous day.
The U.S. currency was up 0.1 percent at 114.950 yen JPY=, having gone to 115.510 on Friday, its highest since Jan. 19. The euro was 0.1 percent lower at $1.0647 EUR=.
The common currency had climbed to a one-month high of $1.0714 on Monday, boosted after some members of the ECB's Governing Council discussed the possibility of higher interest rates at last week's policy meeting.
• U.S. household wealth has hit record levels. U.S. stock prices recently hit all-time highs. Inflation is nearing the Federal Reserve's 2.0 percent goal, and the world economy including the once-sick eurozone has skirted the risk of a deep new downturn.
• British Prime Minister Theresa May has won the right to launch divorce proceedings with the European Union and begin two years of talks that will shape the future of Britain and Europe.
• Oil prices settled a few cents lower on Monday, retracing much of an early retreat to three-month lows in a steep slide that began last week as investors wondered whether swelling U.S. crude supplies would hinder OPEC's efforts to restrict output and reduce a global glut.
Brent crude futures LCOc1 settled down 2 cents at $51.35 a barrel. The session low was $50.85, the lowest since Nov. 30.
U.S. West Texas Intermediate crude (WTI) CLc1 settled down 9 cents at $48.40 a barrel.
Reference: Reuters
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