The U.S. dollar extended its advance against major currencies on Tuesday, benefiting from rising oil prices and higher U.S. Treasury yields as investors awaited new economic data that could influence expectations for the future path of interest rates.
The euro slipped to around $1.13325, reaching its weakest level in three months, while the British pound remained near its recent lows.
Higher Treasury yields provided additional support for the dollar by boosting the attractiveness of U.S. dollar-denominated assets, as investors reassessed the outlook for monetary policy and the direction of interest rates in the coming period.
