Dollar Strengthens Broadly on Fed Rate Expectations

Dollar Strengthens Broadly on Fed Rate Expectations
U.S. one-dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington on Nov. 14, 2014. Gary Cameron/Reuters
Reuters
Updated:

LONDON—The U.S. dollar rose for a second day on Tuesday, briefly touching a six-month peak against Japan’s yen, on expectations that U.S. interest rates will remain higher for longer, while ongoing debt ceiling negotiations kept investors on edge.

Among a slew of Federal Reserve heavyweights who spoke on Monday, some hinted that the central bank had further to go in tightening monetary policy.