Euro jumps amid hawkish ECB signals, dollar heavy before U.S. CPI

Published by
Reuters UK

By Kevin Buckland TOKYO (Reuters) – The euro jumped to a more than three-week peak versus the dollar on Monday and sterling rose to the highest this month as European Central Bank officials pushed the case for further aggressive monetary tightening. The greenback idled not far from a two-week low ahead of key U.S. inflation data this week that might allow the Federal Reserve to consider whether to slow the pace of rate hikes at its Sept. 21 policy meeting. The rate-sensitive Japanese yen found its footing around the mid-142-per-dollar level as U.S. long-term Treasury yields paused their ascent…

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