Dollar edges up on credit report, sterling hovers near one-year high

BDFOREX0112K

US dollars and Kenyan currency and the electronic currency display board at Bay Forex Bureau along Kenyatta Avenue. FILE PHOTO | DIANA NGILA | NMG

The dollar crept higher on Tuesday after a survey showed US credit conditions were less gloomy than expected, while the pound flirted with a one-year peak on expectations the Bank of England will raise interest rates this week.

Data showing China's imports contracted sharply in April from a year earlier while exports grew more slowly than in March, had little impact on currencies.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.