The dollar rose on Tuesday

Investing.com – The dollar rose today, as forex traders continued to expect a strong interest rate increase from the Federal Reserve in Washington D.C. this month.

The greenback closed up on the US Dollar Index.

The EUR/USD was down, closing at 107.21, a decrease of 0.40%.

The GBP/USD was down, finishing the day at 1.2676, a decline of 0.44%.

The USD/JPY was, by contrast, up to 113.98, an increase of 0.15%.

Influencing the price of that currency pair was Monday’s news that Japan’s SoftBank was poised to invest $50 billion in the U.S., creating 50,000 jobs, in the coming year.

President-elect Donald Trump announced the news at Trump Tower in New York City after meeting with the firm’s CEO, Masayoshi Son, a Japanese technology investor and billionaire.

On the social media site Twitter Inc . (NYSE:TWTR), the president-elect proclaimed that Son told him that Softbank “would never do this” if Trump had not won the presidential election against former U.S. Secretary of State Hillary Clinton.

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