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Dollar Rises to Four-Week High on Fed Rate-Hike Bets

The dollar rose against a basket of currencies after higher-than-expected U.S. inflation data boosted December rate-hike bets. Further gains may depend on stronger expectations of a 50-basis-point Fed hike.

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The dollar rises to a four-week high against basket of currencies on increased bets for a 25-basis-point interest-rate hike by the Federal Reserve in December following Tuesday's higher-than-expected U.S. inflation data. However, further gains are likely subject to stronger expectations of a 50-bas…

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