Dollar Dips as European Markets Return From Break

U.S. one-dollar bills are curled and inspected during production at the Bureau of Engraving and Printing in Washington on Nov. 14, 2014. Gary Cameron/Reuters

LONDON—The dollar gave back the previous day’s advances against the euro and pound on Tuesday as traders turned their attention to U.S. inflation data due on Wednesday for signs of how close U.S. rates are to peaking.

The euro was up 0.52 percent at $1.0918 and the pound rose a similar amount to $1.2439 as most European markets returned from the long Easter weekend.