Currencies: Dollar weakens against rivals as investors lock in recent gains

The dollar was weaker against its rival currencies in Asian trade Tuesday, as investors opted to lock in profits after recent gains in anticipation of a rate increase from the Federal Reserve.

The WSJ Dollar Index BUXX, -0.26% a measure of the dollar against a basket of major currencies, was down 0.19% at 88.10.

The greenback EURUSD, +0.0273% was changing hands at $1.1017 after rising as high as $1.1026 earlier in the session. The common currency was at $1.0999 late Monday in New York.

The pound GBPUSD, +0.7141% advanced to $1.2273 before trimming its gains to trade at $1.2226 midday.

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