SINGAPORE—The dollar rose in Asia on Friday after hotter-than-expected U.S. inflation and hawkish comments from a Federal Reserve official unleashed a wave of bets on aggressive rate hikes, though similar pressures worldwide kept a lid on gains.
Thursday data showed U.S. consumer prices up 7.5 percent year-on-year in January, a fourth straight month above 6 percent and slightly higher than economists’ forecasts for a 7.3 percent rise.
