Dollar rises against euro and Swiss franc after US inflation data

Oil prices fell but remained above $100 a barrel, while diesel prices were at record highs, suggesting inflation was set to remain elevated and broaden.

Brent crude oil prices gained about 8% for the week after Iran-aligned Houthis seized control of Yemen's port city of Mocha and advanced down the Red Sea coast to strategic islands.

Brent crude futures settled down 2.81% at $104.61 a barrel.

The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, was flat at 99.12. It was set to drop 0.16% on the week — its second consecutive weekly drop.

The yen was on track for a second consecutive weekly gain against the U.S. dollar and was last up 0.45% at 153.69 per dollar.

The Bank of Japan is expected to raise interest rates next week and could signal a faster pace of future tightening if rising price pressures increase the risk of inflation overshooting its target, four sources familiar with its thinking said.