US$ dips as focus shifts to Yellen's Friday speech

London

THE US dollar weakened across the board on Tuesday, as investors shifted their focus away from hawkish remarks on US interest rates by Federal Reserve officials and towards a speech on Friday by Fed chairwoman Janet Yellen.

The greenback was given a boost over the weekend when vice-chairman Stanley Fischer said the Fed was getting close to its job and inflation targets, prompting speculation that a rate hike could come as soon as September.