Yen Slides, Dollar Index Near 5-week High as CPI Looms

Yen Slides, Dollar Index Near 5-week High as CPI Looms
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
Reuters
Updated:

TOKYO/LONDON—The dollar edged toward a five-week high versus major peers on Monday as the Japanese yen slid and investors increased bets on the Federal Reserve keeping monetary policy tight for longer.

The major event this week will be the release of U.S. consumer price data on Tuesday, which will drive expectations for the Fed’s policy.