The U.S. dollar climbed against its most major opponents in pre-European deals on Tuesday, as U.S. Treasury yields rose in the wake of reports that President Donald Trump was favoring Stanford economist John Taylor, considered to be relatively hawkish than current Chair Janet Yellen, to lead the Federal Reserve.

Trump interviewed Taylor last week. Taylor is known as a proponent of Taylor rule, which favors that the Fed funds rate should be much higher than the current target of 1.0 - 1.25 percent.

Trump plans to interview Janet Yellen on Thursday about staying on as Fed chair. Yellen's term ends in February.

Traders are looking forward to the release of industrial production, along with homebuilder confidence and import and export prices due today for more direction.

The greenback advanced to weekly highs of 0.9792 against the franc and 1.1755 against the euro, from its early lows of 0.9748 and 1.1800, respectively. The next possible resistance for the greenback is seen around 0.99 against the franc and 1.14 against the euro.

The greenback hit 4-day highs of 0.7833 against the aussie and 0.7156 against the kiwi, off its early low of 0.7858 and more than a 2-week low of 0.7207, respectively. Continuation of the greenback's uptrend may see it challenging resistance around 0.77 against the aussie and 0.70 against the kiwi.

The greenback rose to 1.2552 against the loonie, from a low of 1.2513 hit at 6:00 pm ET. If the greenback rises further, 1.27 is likely seen as its next resistance level.

The greenback rose back to 112.26 against the yen, heading to pierce to its early 4-day high of 112.30. The greenback is seen finding resistance around the 113.00 region.

On the flip side, the greenback declined to 1.3268 against the pound, compared to 1.3250 hit late new York Monday. The greenback is poised to challenge support around the 1.34 area.

Looking ahead, U.K. producer and consumer price indices and Eurozone final CPI for September as well as German ZEW economic sentiment index for October are set for release in the European session.

U.S. import and export prices and industrial production for September, along with NAHB housing market index for October are due in the New York session.

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