NEW YORK, May 9 (Xinhua) -- The U.S. dollar rose in late trading on Tuesday as treasury yields kept rebounding and investors awaited inflation data.
The dollar index, which measures the greenback against six major peers, rose 0.23 percent at 101.6025 in late trading.
In late New York trading, the euro fell to 1.0967 U.S. dollars from 1.1007 dollars in the previous session, and the British pound was up to 1.2623 U.S. dollars from 1.2618 dollars in the previous session.
The U.S. dollar bought 135.1770 Japanese yen, higher than 135.1160 Japanese yen of the previous session. The U.S. dollar increased to 0.8899 Swiss franc from 0.8895 Swiss franc, and it rose to 1.3378 Canadian dollars from 1.3371 Canadian dollars. The U.S. dollar was up to 10.1890 Swedish Krona from 10.1511 Swedish Krona.
The U.S. 2-year note yield rate rose above 4.00 percent on Tuesday while the 10-year bond yield rate stayed over 3.50 percent, lending support to the U.S. dollar.
"The nearest resistance level for the U.S. dollar index is located at 102.00. In case the U.S. dollar index climbs above this level, it will head towards the next resistance at 102.30. A move above 102.30 will push the U.S. dollar index towards the 102.60 level," Vladimir Zernov, analyst with market information supplier FX Empire, said on Tuesday.
New York Federal Reserve President and the Federal Open Market Committee (FOMC) Vice Chairman John Williams said on Tuesday that "it will take time for the FOMC's actions to restore balance to the economy and return inflation to our 2 percent target."
After his speech, Williams also told the media that "we haven't said we're done raising rates."
