The U.S. dollar rose against the yen and held firm against the euro on Tuesday after more Federal Reserve officials made the case for even tighter U.S. monetary policy.
The dollar index , which measures the currency against six counterparts including the yen and euro, slipped 0.1% to 106.85, holding most of its hefty gains from Monday, when it rebounded from the previous session's three-month low of 106.27.rose less than expected, stoking speculation a peak in rates might be near.weekend comments by Fed Governor Christopher Waller that interest rates need to keep rising to battle inflation, although potentially at a slower pace.
"The U.S. dollar is trying to form a post-CPI base, with Waller doing his best but the more influential Brainard somewhat less hawkish," said Sean Callow, a senior currency strategist at Westpac.
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