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Wall Street closed down as investors fear rate hikes

FXStreet (San Francisco) - The US stocks market posted declines on Tuesday amid rising treasury yield and speculations that the Fed will hike rates sooner than later.

The Dow Jones declined 97.5 pts or 0.57% to finish the day at 17,013.87; the S&P 500 eased 13.10 pts or 0.65% to close the session at 1,988.44; while the Nasdaq Composite fell 40.00 pts or 0.87% to 4,552.29.

EUR/USD hits fresh highs above 1.2950

EUR/USD recovered further during the last hour of trading in Wall Street and climbed to 1.2956, reaching a fresh daily high.
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USD/JPY retreats toward 106.00

Greenback weakened during the last hour of trading in New York against European currencies and versus the yen.
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