The U.S. dollar increased in late trading on Tuesday.
The dollar index, which measures the greenback against six major peers, gained 0.38 percent to 101.408 at 15:00 (1900 GMT).
In late New York trading, the euro decreased to 1.1379 dollars from 1.1424 dollars in the previous session, and the British pound fell to 1.3188 dollars from 1.3244 dollars in the previous session.
The U.S. dollar bought 161.57 Japanese yen, higher than 161.42 Japanese yen of the previous session. The U.S. dollar rose to 0.8100 Swiss francs from 0.8091 Swiss francs, and it increased to 1.4214 Canadian dollars from 1.4157 Canadian dollars. The U.S. dollar climbed to 9.7466 Swedish kronor from 9.6212 Swedish kronor.
U.S. dollar ticks up
International gold and silver prices both dropped on Tuesday.
On the New York Mercantile Exchange, gold futures for August delivery fell 1.27 percent to settle at 4,149.40 U.S. dollars per ounce, while silver futures for July delivery dropped 5.36 percent to close at 62.070 dollars per ounce.
Deutsche Bank cut its forecast for international gold prices in a report released on Tuesday.
The bank noted that if the U.S. Federal Reserve holds interest rates steady, its gold price target for the third quarter of this year stands at 4,300 dollars per ounce, a downward revision of more than one-fifth from its prior estimate.
It also said that if the Fed raises interest rates three to four times, gold price could slump to 3,800 dollars per ounce.
Gold, silver futures drop on Tuesday
