A gauge of the U.S. dollar was 0.2 percent from a four-week high before data tomorrow economists say will show consumer-price inflation held at the fastest since October 2012, boosting the case for higher interest rates.
The U.S. currency has risen versus all except one of its Group-of-10 peers this month as traders boosted bets the Federal Reserve will increase its benchmark from near zero by the middle of 2015. The New Zealand dollar rose for a second day on speculation the central bank will raise borrowing costs this week. Indonesia’s rupiah gained a fourth day as the election commission said it may release the results of this month’s election early. Japanese markets are shut today for a holiday.
“A stronger CPI number would boost the U.S. dollar and we’re seeing that data begin to edge up,” said Tim Kelleher, head of institutional foreign-exchange sales at ASB Bank Ltd. in Auckland. “That’s the biggest risk for the start of the week.”
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