The dollar rose on Tuesday as Americans voted in the US midterm election, with higher Treasury yields and solid economic data supporting the currency. Traders also watched developments in the Middle East, including Iran, for signs of what could shape the dollar’s direction.
The Bloomberg Dollar Spot Index gained 0.2% and remained near its high for the year, reached the previous month after hotter inflation data strengthened expectations of further Federal Reserve policy tightening.
Sources: Bloomberg Markets.