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Author bio:

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NEW YORK, June 20 (Xinhua) -- The U.S. dollar increased against most other major currencies on Tuesday as investors digested the latest comments from several Federal Reserve officials.

Boston Fed President Eric Rosengren said on Tuesday the current low-rate environment was likely to remain for some time, adding that low rates handicap the central bank's ability to "offset negative shocks."

Meanwhile, Fed Vice Chair Stanley Fischer said that while the U.S. and other nations have taken actions to strengthen their housing finance systems, more needs to be done to prevent a future crisis, according to CNBC.

New York Fed President William Dudley said on Monday that the central bank inflation should pick up as wages rise along with continuing improvement in the labor market.

The officials' words came in less than a week after the Fed raised its interest rates for the fourth time since December 2015.

The dollar index, which measures the greenback against six major peers, increased 0.21 percent at 97.753 in late trading.

In late New York trading, the euro fell to 1.1130 dollars from 1.1151 dollars in the previous session, and the British pound lost to 1.2630 dollars from 1.2732 U.S. dollars in the previous session. The Australian dollar dipped to 0.7582 dollar from 0.7596 dollar.

The U.S. dollar bought 111.42 Japanese yen, lower than 111.48 yen of the previous session. The U.S. dollar decreased to 0.9753 Swiss franc from 0.9754 Swiss franc, and it moved up to 1.3258 Canadian dollars from 1.3223 Canadian dollars.

Xi says BRICS cooperation will usher in new "golden decade"

In pics: 52nd Int'l Paris Air and Space Show

Xi'an-Chengdu Passenger Railway to undergo joint test

Fire fighters battling remnants of Portugal's devastating forest fires

Weekly choices of Xinhua photos

In pics: terrace fields in northwest China's Ningxia

In pics: Mount Jiuhua Buddha College in E China

Students graduate from Civil Aviation University of China

Several uses of the particular muscle simulator Massie Veigel
Submitted 2014-02-28 12:58:39

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