But Bostic stressed that this was not a statement as to whether the Fed should continue to raise short-term interest rates. It had been as high as 93.29 on Tuesday, the highest since August 31.
Bloomberg's dollar index, which had jumped the most since January in early trading, retreated but remained positive as the Fed chair said raising interest rates gradually is the appropriate policy stance considering the uncertainty surrounding inflation.
In a Treasury auction which closed Tuesday afternoon, USD26 billion in two-year notes auctioned at 1.462 percent, with 45.6 percent at high yield and a bid-to-cover of 2.88.
Her comments were deemed hawkish and lifted the probability of a rate rise in December from 73 per cent to 83 per cent shortly before she spoke, according to CME Group's Fedwatch tool. Several other senior Fed officials are scheduled to speak on Wednesday.
The country's central bank is expected to stand pat when it decides interest rates on Thursday. "But if he (US President Donald Trump) just waffles without any substance, the market is looking for any reason right now to take risk off the table".
Trump renews travel ban with restrictions targeting new countries
The controversial ban was first introduced by executive order and included Somalia , Yemen, Syria , Libya, Sudan, Iraq and Iran . Opponents of Trump's much disputed original travel ban say the new version still unfairly targets Muslim majority countries .
"This sort of easy fiscal policy is why the markets are reacting the way they have".
Anticipation of the long-awaited plan helped lift shares in Asia, although gains faded as the day went on.
-The Bloomberg Dollar Spot index gained 0.3 percent to the highest since August.
But he said inflation, running at 1.4 percent by the Fed's preferred gauge, is too low, and voiced concerns that low inflation expectations will keep it from rising toward the Fed's 2-percent inflation goal.
India's Sensex was declining 0.9 percent and benchmark indexes in Indonesia and Malaysia were down around 0.1 percent, while Singapore's Straits Times index was rising 0.9 percent and the Taiwan Weighted rose 0.7 percent.
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Burnham is First Officer on the Shenzhou and is a human who had a Vulcan upbringing, thanks to the Vulcan Sarek. Long gone are the invisible barriers and rudimentary zaps of the saga's original forcefield design.
The euro was at $1.1748 from $1.1783. Overnight, the MSCI Asia Pacific ex-Japan Index was little changed, while Japanese stocks fell as more than 1,000 companies traded ex-dividend, pushing the Topix index 0.5 percent lower.
The Dow Jones industrial average, which rose as much as 73 points during the day, lost 11.77 points, nearly 0.1 percent, to 22,284.32 as McDonald's fell and Chevron went into a late slide.
In the other precious metals, the spot silver price rose $0.048 to $16.835-16.88 per oz.
Oil futures finished lower on Tuesday, 26 September 2017 on expectations US data will show a fourth consecutive weekly rise in domestic crude inventories.
TAX REFORM - GOP tax plan nearly doubles standard deduction
However, the increase in the standard deduction is created to prevent anyone in the 10 percent bracket from paying more taxes. Who am I to say??? "We have a non-competitive tax structure right now and we're going to go super competitive", he continued.
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