The dollar softened on Tuesday along with U.S. interest rate expectations and a fall in Treasury yields as investors detected a slight dovish shift in Federal Reserve officials' tone.
supported buying of safe-haven assets, and last traded firmly at 148.34 per dollar. The Swiss franc has also gained and was edging higher at 0.9045 to the dollar.
"If long-term interest rates remain elevated because of higher term premiums, there may be less need to raise the Fed funds rate," said Dallas Fed president Lorie Logan -- a notable shift from previously hawkish rhetoric. "A handful of other officials, including Fed Governor Christopher Waller, are scheduled to speak today. Markets will closely watch their comments for further clues on the path of policy," said CBA strategist Carol Kong in a note.
Sterling was a fraction firmer against the dollar at $1.2244. Against the Australian and New Zealand dollars the greenback was also a fraction weaker, with the Aussie up 0.2% to $0.6420 and the kiwi up 0.2% to $0.6031.
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