Dollar Rises on Fed Expectations, Omicron Worries Ease

Dollar Rises on Fed Expectations, Omicron Worries Ease
A packet of U.S. five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington, on March 26, 2015. Gary Cameron/Reuters
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NEW YORK—The dollar rose on Tuesday on expectations the Federal Reserve could raise interest rates as early as March to counter rising inflation, while a global rally in stock markets knocked the safe-haven Japanese yen to a one-month low.

The dollar index, which measures the currency against six major rivals, was 0.217 percent higher at 96.261.