Reuters reported that Federal Reserve Bank of New York leader John Williams said on Tuesday that the economy does better when everyone gets a shot at participating.

"An inclusive economy doesn't just help those that are in need of more or different opportunities, rather, it boosts the economy more broadly," Williams said in opening remarks for a conference at his bank.

Williams did not comment on the monetary policy outlook in his brief remarks.

US Dollar update

The US Dollar has been on the back foot on Tuesday in choppy trading. It is all about the Bank of Japan this week as investors expect the possible policy shift at the central bank that could end its so-called "yield curve control" in what would be a precursor to adopting a tighter monetary policy.

At the time of writing, the DXY index is trading at 102.38 and is lower by some 0.17% but well off the lows of the day down at 101.937.