The dollar held a two-day advance after two Federal Reserve officials said they expect the central bank to raise interest rates this year.
The greenback maintained gains against most of its major counterparts Monday after New York Fed President William C. Dudley said such a policy move would probably be followed by gradual tightening. He echoed the sentiment of Chair Janet Yellen that an uncertain global outlook won’t postpone liftoff into 2016. San Francisco Fed President John Williams also repeated Monday that he expects rates to climb this year and warned of rapidly rising house prices.
The Bloomberg Dollar Spot Index, which tracks the currency against 10 major peers, was little changed at 1,214.38 as of 9:32 a.m. in Tokyo. The greenback was at 119.66 yen from 119.92, and almost unchanged at $1.1248 per euro.