2024-01-16T06:43:26+00:00
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/ The US dollar index rose on Tuesday as investors scaled back bets on a near-term rate cut by the US Federal Reserve following hawkish comments from European Central Bank officials, while fears of more attacks on ships in the Red Sea weighed on risk appetite.
The US dollar index against a basket of currencies rose 0.253% to 102.90 points, after rising 0.2% overnight in quiet trading during a public holiday in the United States on Monday.
The euro fell 0.3 percent to $1.09185, on track for its biggest one-day percentage drop in two weeks. Sterling was last down 0.36 percent on the day at $1.2681 and off a near five-month high of $1.2825 hit in late December.
Comments by European Central Bank officials opposing early interest rate cuts have cast a shadow over global interest rate expectations.
A Houthi official in Yemen said Monday that the group would expand its targets in the Red Sea region to include American ships, and the group vowed to continue attacks after the American and British strikes on its sites in Yemen.
The yen fell 0.20 percent to 146.07 per dollar after data showed the producer price index remained flat in December from a year earlier and slowed for the 12th straight month.