The dollar touched an 11-year high against a composite of major currencies on Tuesday but gave up those gains ahead of major U.S. economic reports and the coming European Central Bank meeting later this week.
The dollar index has gained 5.7 percent since the beginning of 2015, helped by the U.S. economy’s better performance against other major world economic regions and relatively higher U.S. interest rates. The greenback has been range-bound for the past month, however, as investors have seen fewer catalysts to move the dollar higher.
The U.S. dollar index of a half dozen currencies traded against the greenback was last off 0.06 percent at 95.407 after peaking at 95.570, a level last seen in September 2003.
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