Dollar Ticks Up as Case for March Fed Hike Grows

Dollar Ticks Up as Case for March Fed Hike Grows
A U.S. one dollar banknote is seen in front of displayed stock graph in this illustration taken on May 7, 2021. Dado Ruvic/Illustration/Reuters
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LONDON—The dollar ticked up on Monday amid rising bets U.S. inflation will bolster the case for higher interest rates while the European Central Bank’s dovish stance on rising prices weighed on the euro.

The dollar had met with selling late last week after a weaker-than-expected headline U.S. job-creation figure squeezed traders out of long dollar positions.