The dollar halted its longest losing streak in three weeks before Federal Reserve Chair Janet Yellen’s first speech since the central bank met last month.
The U.S. currency rose against the euro and the yen as Yellen prepares to address Congress on Wednesday, after indicating policy makers will review raising rates in December. Fed Vice Chairman Stanley Fischer and New York Fed President William C. Dudley also speak the same day. The euro fell for the first time in four days as European Central Bank President Mario Draghi reiterated that policy makers will consider whether to add more stimulus at their next meeting.
The Bloomberg Dollar Spot Index, which tracks the U.S. currency against 10 of its peers, added 0.1 percent as of 1:51 p.m. in New York. The greenback climbed 0.6 percent to $1.0952 per euro and 0.3 percent to 121.15 yen.