Dollar strengthens after US inflation data boosts Fed rate-hike expectations
TLT•The dollar strengthened after US consumer prices rose 0.4% last month, above the 0.3% forecast, bolstering expectations of a Fed rate hike next month.
1. Dollar gains
The dollar strengthened against major currencies after US inflation data exceeded expectations. The Consumer Price Index rose 0.4% last month, compared with a 0.3% consensus forecast. The euro fell 0.33% to $1.1186, the dollar gained 0.39% to 158.54 yen, and it rose 0.41% against the Swiss franc to 0.823 franc.
