Dollar up as euro, pound hit by political woes

Forex – The dollar was higher Tuesday as the euro and the pound faced political concerns but fell against the yen.
The was up 0.35% at 97.67 at 03:00 ET.
A Fed hike in June remains firmly priced in but the path of future tightening remains unclear.
The dipped to the $ 1.111 mark as the possibility of a Greek default loomed as bailout talks stalled
The single currency was also undermined by the possibility of Italian elections this year.
Mario Monday also doused speculation of a more upbeat slant to the ECB’s forward guidance at June’s policy meeting.
The retreated as the latest polls showed the Tories’ lead in the June 8 election had narrowed further.
The dollar was off 0.38% against the at 110.84.

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