23.09.201504:08:14UTC+00US dollar strengthens on bets Fed on course to rate hike

The US dollar firmed Tuesday on projections the Federal Reserve is still on course to raise interest rates in the coming three months.

The greenback closed at $1.1132 per euro from Monday's $1.1195. Against the Japanese yen, the currency ended at ¥120.14 from ¥120.54.

The widespread advances in the dollar validated rate hike bets are a huge driver of today's move in currencies," said Kathy Lien, Managing Director at BK Asset Management.

The currency also advanced as US and European stock markets amassed losses on economic growth woes, as well as Volkswagen's emissions scandal.