Economic news

Dollar steady as investors await U.S. elections

The dollar remained within the tight ranges versus its major peers on Tuesday as investors were cautious before U.S. midterm elections due later in the day.

Photo: Reuters

The dollar index .DXY was virtually unchanged at 96.319, hovering in a range between 96.315 and 96.334. It breached a 16-month top of 97.20 last week.

The euro rose to $1.1411, nearly one percent above this year's low of $1.1301 scaled on Aug. 15.

Versus the yen, the greenback inched up 0.1 percent to 113.27 yen, not far from a four-week peak of 113.385 yen touched last week.

Sterling gained 0.1 percent to $1.3063, heading towards a two-week peak of $1.3070 touched earlier in the session after a media report suggested the EU and the UK Britain may reach an orderly Brexit deal soon.

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