In currencies, the dollar inched
higher against a basket of trade-weighted peers. The dollar index rose
0.1 percent to 101.73 .DXY, mirroring Monday's slender gain.
A
rate hike from the Federal Reserve next week is virtually fully priced
into financial markets, so the dollar and U.S. bond yields might be
vulnerable to a correction lower.
But investors saw enough room to push the greenback and yields higher on Tuesday, lifting the 10-year yield for the fifth day in a row back above 2.50 percent US10YT=RR and the two-year yield up a basis point to 1.32 percent US2YT=RR.
Sterling was the biggest mover on major FX markets, falling nearly a third of one percent against the dollar to a seven-week low of $1.2202 GBP=.
Britain's House of Lords will on Tuesday try to force the government to give lawmakers a greater say over the terms of Britain's exit from the European Union and final approval of an eventual deal with the block.
Analysts at Morgan Stanley said on Tuesday they expect the pound to snap back as high as $1.45 by the end of next year.
The euro was steady at $1.0575 EUR= and the dollar was flat against the yen at 113.90 yen JPY=.
In commodities, U.S. oil CLc1 rose 0.3 percent to $53.55 a barrel, following Monday's 0.2 percent drop, and Brent crude also rose 0.3 percent to $56.17 LCOc1.
But investors saw enough room to push the greenback and yields higher on Tuesday, lifting the 10-year yield for the fifth day in a row back above 2.50 percent US10YT=RR and the two-year yield up a basis point to 1.32 percent US2YT=RR.
Sterling was the biggest mover on major FX markets, falling nearly a third of one percent against the dollar to a seven-week low of $1.2202 GBP=.
Britain's House of Lords will on Tuesday try to force the government to give lawmakers a greater say over the terms of Britain's exit from the European Union and final approval of an eventual deal with the block.
Analysts at Morgan Stanley said on Tuesday they expect the pound to snap back as high as $1.45 by the end of next year.
The euro was steady at $1.0575 EUR= and the dollar was flat against the yen at 113.90 yen JPY=.
In commodities, U.S. oil CLc1 rose 0.3 percent to $53.55 a barrel, following Monday's 0.2 percent drop, and Brent crude also rose 0.3 percent to $56.17 LCOc1.
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