The U.S. dollar kept creeping back Tuesday against the euro, which was trading just higher than the US$1.30 level ahead of expectations that U.S. officials will make statements supporting a strong dollar policy.
The euro was at US$1.3014, down from US$1.3071 the day before as traders looked to an appearance later in the day by U.S. Federal Reserve officials.
The officials, including Federal Reserve Bank of Minneapolis President Gary Stern, were expected to talk about the U.S. economy and possibly provide clues to the pace of anticipated U.S. interest rate increases ahead.
Higher interest rates and optimism about an economy both tend to boost that nation's currency.
The British pound was at US$1.8552, down from US$1.8602 in late trading Monday. The dollar also bought 102.61 Japanese yen as it continued its recovery from a the five-year low of 101.81 yen it hit last Friday in New York.
The dollar has plummeted last year against the euro, which shot up from around US$1.20 in September to hit a new all-time high of US$1.3667 at the end of December, driven by fears over the ever-widening U.S. trade and budget deficits.