By Saqib Iqbal Ahmed
The dollar regained ground against the yen on Tuesday, recovering from Monday’s selloff, even as expectations for a December rate hike by the Bank of Japan lingered, while the euro edged up after data showed euro zone inflation was slightly hotter than expected.
The U.S. currency came under pressure late in the session after U.S. President Donald Trump said a potential Federal Reserve chair was present as he introduced White House economic adviser Kevin Hassett at a White House meeting.
Earlier in the day , Trump said he would be announcing his choice to succeed Jerome Powell as head of the Federal Reserve early next year.
Hassett would be viewed by many investors as a dovish pick to replace Powell, and as such his nomination could weigh on the dollar.
The greenback was 0.2% higher against the yen at 155.845, after hitting a two-week low…
