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Currencies: Dollar inches up as pound falls from its highest since Brexit vote

The dollar rebounded on Tuesday, partly boosted by a drop in the pound after a disappointing reading on U.K. wage growth put the brakes on the recent sterling rally.

A flurry of Federal Reserve speakers and U.S. data later in the session could also drive the dollar action on Tuesday.

What are currencies doing?

The ICE U.S. Dollar Index DXY, +0.02% inched 0.1% higher to 89.484, rebounding slightly from a 0.4% loss on Monday.

The pound GBPUSD, -0.0418% bought $1.4311, down from $1.4338 late Monday in New York. Earlier in the session, sterling had jumped to its highest level since the U.K.

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