SINGAPORE : The dollar crept higher on Tuesday after a survey showed U.S. credit conditions were less gloomy than expected, while the pound flirted with a one-year peak on expectations the Bank of England will raise interest rates this week.
Data showing China’s imports contracted sharply in April from a year earlier while exports grew more slowly than in March, had little impact on currencies.
The offshore yuan slipped 0.1 per cent to 6.9282 per U.S. dollar and the onshore yuan similarly fell about 0.1 per cent to 6.9218 per dollar.
