US$ firmer as investors await Fed signal

London

THE US dollar climbed against a basket of currencies and rose against the yen on Wednesday, as investors positioned for fresh guidance from the Federal Reserve on when US interest rates are likely to rise.

The dollar index rose 0.25 per cent to 96.874, pulling further away from the one-month low of 95.938 set last Friday. It was 0.3 per cent higher against the yen at 113.55. The euro was 0.2 per cent lower at US$1.10855.