The dollar rose broadly to near a 12-week high on Tuesday as a jump in US bond yields and generally in-line US economic data buoyed the view that the Federal Reserve may raise interest rates in December. After a bout of profit-taking and risk aversion last week, the greenback rose 0.62 percent to trade at $1.0945 against the euro and 0.34 percent against the yen to 121.16 yen per dollar. The dollar gained 0.17 percent against the pound to $1.5388 and 0.51 percent versus the Swiss franc to 0.9913 francs.
Breaking out of a holding pattern, the dollar index jumped nearly 60 basis points early Tuesday morning and continued moving higher. The index, which measures the greenback against a basket of major currencies, was last up 0.49 percent to 97.403. The US Commerce Department reported manufacturing orders fell 1.0 percent in September, slightly worse than the average analysts' forecast in a Reuters poll. The Australian dollar gained 0.25 percent against the US dollar to $0.7163 after the Reserve Bank of Australia announced it would leave interest rates unchanged. The Aussie earlier had traded as high as $0.7220. Against the euro, the Australian dollar was up 0.7 percent at A$1.5303.