NEW YORK, March 7 (Reuters) - The dollar extended gains against a basket of currencies on Tuesday after Federal Reserve Chairman Jerome Powell said that the U.S. central bank will stay the course until the job is done, adding that the ultimate level of interest rates is likely to be higher than previously anticipated.
Powell also said that the Fed is prepared to increase the pace of rate hikes if data indicates it is warranted. That comes after the bank slowed the pace of its tightening to 25 basis points at its last two meetings, following larger hikes last year.
The dollar index was last up 0.91% on the day at 105.2. The euro dropped 0.84% to $1.0593.
The greenback gained 0.68% to 136.85 Japanese yen .
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Currency bid prices at 10:11AM (1511 GMT)
|
Description
|
RIC
|
Last
|
U.S. Close Previous Session
|
Pct Change
|
YTD Pct Change
|
High Bid
|
Low Bid
|
|
Dollar index
|
105.2000
|
104.2600
|
+0.91%
|
1.652%
|
+105.2200
|
+104.1100
|
|
|
Euro/Dollar
|
$1.0593
|
$1.0684
|
-0.84%
|
-1.13%
|
+$1.0695
|
+$1.0591
|
|
|
Dollar/Yen
|
136.8500
|
135.9250
|
+0.68%
|
+4.38%
|
+136.8500
|
+135.5600
|
|
|
Euro/Yen
|
144.95
|
145.17
|
-0.15%
|
+3.31%
|
+145.4400
|
+144.6100
|
|
|
Dollar/Swiss
|
0.9395
|
0.9308
|
+0.93%
|
+1.61%
|
+0.9398
|
+0.9288
|
|
|
Sterling/Dollar
|
$1.1888
|
$1.2027
|
-1.13%
|
-1.68%
|
+$1.2065
|
+$1.1887
|
|
|
Dollar/Canadian
|
1.3721
|
1.3612
|
+0.80%
|
+1.27%
|
+1.3724
|
+1.3600
|
|
|
Aussie/Dollar
|
$0.6604
|
$0.6732
|
-1.88%
|
-3.10%
|
+$0.6748
|
+$0.6605
|
|
|
Euro/Swiss
|
0.9951
|
0.9942
|
+0.09%
|
+0.57%
|
+0.9965
|
+0.9926
|
|
|
Euro/Sterling
|
0.8908
|
0.8880
|
+0.32%
|
+0.72%
|
+0.8910
|
+0.8858
|
|
|
NZ Dollar/Dollar
|
$0.6142
|
$0.6197
|
-0.89%
|
-3.27%
|
+$0.6221
|
+$0.6140
|
|
|
Dollar/Norway
|
10.6080
|
10.4290
|
+0.87%
|
+7.19%
|
+10.6120
|
+10.4060
|
|
|
Euro/Norway
|
11.2441
|
11.1294
|
+1.03%
|
+7.15%
|
+11.2510
|
+11.1067
|
|
|
Dollar/Sweden
|
10.6605
|
10.4478
|
+1.16%
|
+2.43%
|
+10.6690
|
+10.4202
|
|
|
Euro/Sweden
|
11.2923
|
11.1629
|
+1.16%
|
+1.28%
|
+11.3110
|
+11.1400
|
