Dollar drifts higher as traders look to upcoming Fed decision

Published by
Reuters UK

By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Tuesday as traders awaited a raft of central bank interest rate decisions this week, including one by the Federal Reserve on Wednesday. The dollar index, which measures the currency against six major counterparts, was up 0.05% at 105.13, not far from the six-month high of 105.43 touched on Thursday. The index rose for its ninth straight week last week, its longest winning streak in nearly a decade. Resilient U.S. growth has fueled a rebound in the dollar in recent weeks though the rally will…

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