Jonathan Cavenagh, Senior FX Strategist at Westpac Institutional Bank, says the Japanese yen may extend its rally against the greenback in the short-term, after hitting a three-week high on Monday.
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Kathy Lien, managing director of FX strategy at BK Asset Management, says the prospect of U.S. yields rising further is keeping investors interested in buying the U.S. dollar.
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Has the U.S. dollar hit bottom? Discussing global currency trades, with Rebecca Patterson, JPMorgan chief markets strategist, and Scott Minerd, Guggenheim Partners CIO. Also, CNBC's Eamon Javers with an update on the Senate debt limit vote.
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The dollar dropped broadly Tuesday and investors expected it to continue to depreciate as long as U.S. lawmakers fail to reach a compromise on a budget plan to prevent the country from defaulting on its debt.
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