LONDON/SINGAPORE—The dollar rose in somewhat calmer trading on Tuesday, after tumbling on Monday following the collapse of Silicon Valley Bank (SVB), as investors waited for the release of U.S. consumer inflation data later in the day.
Tuesday’s consumer price index (CPI) figures have the potential to drive further volatility in global markets, coming a day after fears of a potential banking crisis caused traders to rapidly scale down their expectations for Federal Reserve rate hikes.
