The dollar rose to a week high market speculation position more hawks or become

The dollar index rose to a one-week high on Tuesday as speculation that US President Trump's favor was nominated by a member of the Federal Reserve Board (FED / Fed), who is more likely to raise interest rates faster.

The dollar was also supported by a nine-year high on Tuesday by US Treasury yields on Tuesday. The rise in Treasury yields was also due to investors' preference for Trump to Stanford University professor John Taylor as the next chairman of the Federal Reserve.

"The market believes that Taylor is more than the current chairman of the Federal Reserve Ye Lun more hawks, so if he was elected, the Fed may be more positive rate hike, will make the dollar attractive." Western Union Business Solutions senior market analyst Joe Manimbo said.

The dollar index touched a week high of 93.729, New York late reported 93.488, up 0.2%.

CME Group's FedWatch program shows that interest rate futures trend suggests that traders expect the Federal Reserve to raise interest rates by up to 93% in December.

"If Taylor was elected chairman of the Fed, the bank jumped 3-5 percent to the dollar and would not be surprised," said Lee Hardman, an analyst at Mitsubishi RUF Finance.