Investing.com - The dollar was higher Wednesday as a number of Fed members endorsed the idea of a rate hike in the short term.
The dollar index was up 0.38% at 101.71 at 02:30 ET. The euro was off 0.34% at $1.0541.
Investing.com's Fed Rate Monitor Tool showed the odds of a March hike at 62%.
That was up from some 22% the previous week. The yield on the 2-Year Treasury yield hit the 1.3% mark.
Fed member William Dudley said the case for tightening had become "a lot more compelling."
Fellow Fed member John Williams said a March hike was "on the table for serious consideration."
However, another Fed member, James Bullard, argued for a single rate hike this year as he highlighted the risks of "overkill."
President Trump's speech to Congress Tuesday, while seen as more conciliatory, was deemed short on policy details.
The dollar was up 0.75% at 113.60 yen. Strong China factory data buoyed expectations for global growth.
The Aussie was higher as Australian Q4 GDP grew 1.1% vs. estimate of 0.7%.