Risk-on conditions, in-line CPI data, and firmer Treasury yields led the dollar higher in N.Y. on Tuesday, while anticipation for a Fed rate hike on Wednesday provided support as well. EUR-USD fell over 150 points to a low of 1.0905 in morning trade, as USD-JPY made its way from 120.90 lows to nearly 121.80. USD-CAD topped out at 1.3766, just under Monday's trend high, before pulling back modestly on firmer oil prices. Cable meanwhile, pulled back from the 1.52 region once again, falling under 1.5035.
[EUR, USD]
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