MW:Dollar inches back up after Bernanke-led losses
By Michael Kitchen
LOS ANGELES (MarketWatch) -- The U.S. dollar inched higher in East Asian hours Tuesday, taking back a bit of its losses from the previous day after comments by Federal Reserve Chairman Ben Bernanke signaled no impending end to loose monetary policy. The ICE dollar index DXY +0.07% rose to 78.946 from 78.896 late Monday in North America, though remaining weaker compared to its level above 79 at the end of last week. The euro EURUSD -0.0936% moved the other way, edging lower to $1.3352 from late Monday's $1.3363. The yen USDJPY -0.0523% weakened slightly, with the dollar rising to ¥82.86 from ¥82.80, while the British pound GBPUSD +0.0052% changed hands at $1.5962, marginally down from $1.5970.
