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Inflation lifts dollar near high
Stronger-than-expected U.S. inflation data, along with hawkish remarks, helped the dollar hold onto its gains and approach a two-week high as expectations grew of an interest-rate hike next month. The dollar index was steady at 102.22, after rising 0.5% in Tuesday’s session, while traders pared bets that rates would be held unchanged at the meeting ending December 9. Expectations of higher interest rates are also weighing on cryptocurrencies: Bitcoin fell 0.3% and Ether 0.5%, bringing both close to their lowest levels in three months.
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