The US dollar advanced on Tuesday, bolstered by rising US government bond yields and bets the Federal Reserve might increase interest rates in September.
US Treasuries yields increased, with the yield on 10-year Treasury notes reaching a seven-month high of 2.449%.
The greenback closed at $1.1277 per euro after trading at around $1.1215. It also strengthened versus the British pound and the Swiss franc, but was flat against the Japanese yen.
Consensus is “it will be a strong number,” said Sireen Haraji, Currency Strategist at Mizuho.
Meanwhile, investors will await US retail sales data due Thursday, saying it could increase 1.1%.
The material has been provided by InstaForex Company – www.instaforex.com