Euro near three-week top, but looming Fed tightening could help dollar

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Reuters UK

By Alun John HONG KONG (Reuters) – The euro was near Friday’s three-week high on Monday morning, after the European Central Bank’s hawkish turn last week, but analysts said further short-term gains looked less likely with looming Fed tightening supporting the dollar. Meanwhile, in cryptocurrency markets, Bitcoin held around a two week high. Investors this week will be watching for U.S. inflation data due Thursday, with a strong reading cementing expectations that the Fed will raise rates at its March meeting and hint at the possibility of a large 50 basis point rise. The euro was last at $1.14…

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