Dollar rises against euro, hits two-week high vs yen

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Reuters UK

By Samuel Indyk LONDON (Reuters) – The euro edged further away from a monthly high on Wednesday and the U.S. dollar nudged higher, lifted by higher Treasury yields as global inflation worries flared anew. The dollar index, which measures the currency against six major peers, including the euro, rose 0.2% to 101.96, extending on Tuesday’s gains, when data showed euro-area consumer inflation soaring to a record. The euro was down 0.2% against the greenback, continuing to edge back from a one-month high of $1.0787, reached on Monday, when national CPI readings from the euro zone indicated a high …

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