Dollar rises on weak yen and hawkish comments from the Fed
The dollar index (DXY00) rose +0.26% on Tuesday. The yen’s weakness is propping up the dollar, which fell to a 1-1/2-year low against the greenback on Tuesday. The dollar’s gains accelerated on Tuesday after U.S. new home sales in October fell less than expected and after St. Louis Federal Reserve President Alberto Musalem said the…