The U.S. dollar hovered just below a fresh 11-year peak against a basket of major currencies early on Tuesday, as rising Treasury yields helped it prevail against the euro in a choppy session.
The dollar index climbed as far as 95.514, surpassing the previous peak of 95.481 set on Jan. 23. It reached a high not seen since September 2003.
The index rose as the euro slid back below $1.1200 and as the greenback hit a near three-week high of 120.19 yen. The euro zone common currency last stood at $1.1186.
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