Dollar maintains gains ahead of several central bank meetings

The US dollar rose against most of its rivals on Tuesday, amid anticipation of global central bank meetings.

Concerns are growing over to the increase in inflationary pressures in many economies, which may require interest rate hikes in the next few months.

The Fed has already hinted that it would reduce its bonds and the pace of asset purchases starting in November.

Facebook reported yesterday strong profits that beat expectations, while revenues and a number of monthly users were below expectations.

Tesla reported last week record revenues and profits in the third quarter, which buoyed its stock to record highs, and its market value rose above the $1 trillion mark for the first time ever.

The dollar index rose against a basket of major currencies by 0.1% to 93.9 points as of 18:23 GMT, after hitting a high of 94.02 points and a low of 93.7 points.