The US dollar was near its two-week high Tuesday as several Federal Reserve officials reignited expectations of interest rate hikes this year.
Federal Reserve Bank of Atlanta President Dennis Lockhart said the decision to retain rates last week was largely attributed to a risk management exercise brought by recent market volatility. He still expects the US central bank to raise rates this year.
The greenback ended at $1.1200 per euro after it touched last week’s high of $1.1460. Against the Japanese yen, the currency finished at ¥120.44 from last week’s ¥119.04.
Meanwhile, Fed Chair Janet Yellen is due to speak Thursday.
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