Dollar firms on hawkish Fed bets, oil rebound; yen near 40-year low (opens original article in a new tab)

The US dollar held firm on Tuesday as traders positioned for a more hawkish Federal Reserve and oil prices rebounded following steep losses, while the yen flirted with a four-decade low.

• US dollar held firm due to hawkish Fed bets
• Oil prices rebounded after steep losses
• Yen near 40-year low