LONDON, Jan 29: The dollar moved higher against the euro on Tuesday as a US durable goods report and a smaller-than-expected decline in consumer confidence raised prospects the Federal Reserve will avoid an aggressive interest rate cut on Wednesday.

The single European currency in late trade was at $1.4766 against $1.4782 late Monday in New York.

The dollar was at 107.09 yen, up from 106.87.

The currency market remained closely focused on a Fed decision that many analysts have predicted could mean a reduction of as much as half a point in the benchmark Fed Funds rate in the face of slowing US growth.

—AFP