AP - The dollar rose to a 25-month high against the yen Tuesday amid expectations that the Federal Reserve will raise U.S. interest rates later in the day.

AFP - The Federal Reserve was expected to lift interest rates for the 12th time running with the US economy proving resilient to hurricanes and high energy costs.

FT.com - European equity markets were lower on Tuesday, as investors took profits following the previous day's strong gains in a cautious session ahead of the US Federal Reserve's intrerest rate decision.

FT.com - The dollar hit a frsh two-year high against the yen at Y116.75 ahead of an expected quarter point interest rate rise by the US Federal Reserve later on Tuesday.

Reuters - U.S. chain store sales rose in the last week of October as cooler temperatures and Halloween shopping lifted sales of seasonal items, a report said on Tuesday.

FT.com - Eurozone government bond prices edged higher, sending yields off their recent highs on Tuesday, but trading was thin ahead of the US Federal Reserve's interest rate decision later in the day.

AFP - The dollar slipped against the European single currency on Tuesday in the wake of positive manufacturing data across the eurozone, and before the Federal Reserve's latest decision on US interest rates.

FT.com - US manufacturing activity slipped slightly, but still showed robust expansion last month, underlining the ongoing strength of the economy as the Federal Reserve met to discuss an expected quarter-point interest rate rise.

AP - Construction spending set another record in September as the building industry continued to enjoy boom times.

AFP - The dollar strengthened on a better-than-expected report on US manufacturing activity, but gains against the euro were limited as dealers awaited a Federal Reserve decision on interest rates.

FT.com - The dollar held within a whisker of a fresh two-year high of Y116.78 against the yen after Tuesday's widely expected interest rate rise by the US Federal Reserve.The greenback was also buoyed by solid manufacturing data. The Institute of Supply Management's manufacturing index eased to 59.1 in October from 59.4, but a fall to 57.2 had been forecast.The Fed voted unanimously to raise interest rates for a 12th consecutive time to 4 per cent. Economists expect the rate cycle to peak at 4.5 or even 5 per cent next year following a flood of hawkish comments on containing inflation. ...

AP - The nation's manufacturing activity grew at a slower pace during October as companies increasingly felt the strain of an ongoing rise in energy and raw materials prices. The continuing price increases made it likely that the Federal Reserve, which raised interest rates again Tuesday, will keep nudging rates higher.

AFP - The Federal Reserve lifted US interest rates for the 12th time running to their highest level in more than four years with the economy proving resilient to hurricanes and high energy costs.

FT.com - Wall Street responded with a yawn to a widely anticipated quater-point increase in interest rates by the US central bank on Tuesday.The indices were largely unchanged in the minutes following the Federal Reserve's announcement that it lifted benchmark borrowing costs to 4 per cent as it assessed long-term inflation threats as 'contained'.In a statement that announced the decision, the Fed's Open Market Committee, the policy-setting body, said energy and other costs 'have the potential to add to inflation pressures' but noted 'relatively low' core inflation. ...

FT.com - The US Federal Reserve on Tuesday lifted rates by a quarter point to 4 per cent, its 12th consecutive increase, as the Fed moved to contain inflation risks.

AP - Treasury bond prices slipped by midday Tuesday.

AFP - The euro advanced against the dollar despite a fresh hike in US interest rates by the Federal Reserve and indications of more increases to come.