U.S. Dollar Higher on Greece Concerns

The dollar edged ahead on Tuesday, as worries that Greece was tilting towards debt default dragged on the euro and U.S. housing data encouraged speculation that the Federal Reserve will soon raise interest rates.

Except for the euro, which was off 0.5 percent against the dollar, movements in major currencies versus the dollar were modest ahead of a Fed policymaker meeting starting on Tuesday and a news conference and economic outlook statement due on Wednesday.

Both Greece and its creditors pushing for spending cuts continued to harden their stances following the latest breakdown in talks over the weekend.