The dollar rises against the euro .. and records its highest level in two weeks against the yen

The euro moved further away from its monthly high today, and the dollar rose, supported by rising US Treasury yields as global inflation fears escalated again.

The dollar index, which measures the performance of the US currency against six major currencies, including the euro, rose 0.2 percent to 101.96, continuing its gains since yesterday, when data showed consumer inflation in the euro area rose to a record level.

The euro fell 0.2 percent against the dollar, and continued to decline from a one-month high of $1.0787 reached, the day before yesterday, when national consumer price index readings for the euro zone countries indicated a rise in inflation.

"Belgium, Spanish and German inflation data on Monday set the scene," said Jimmy Dutta, market analyst at Vantage Markets.

The dollar rose 0.4 percent to 129.395 yen, after earlier touching 129.54, the highest level since May 17, as higher US Treasury yields pushed them up.

The yield on the benchmark 10-year Treasury rose 2.5 basis points to 2.8694 percent, after touching 2.888 percent earlier, the highest level since May 19.

The dollar was little changed against its Canadian counterpart ahead of the Bank of Canada's rate-setting meeting later today, when it is widely expected to increase by 50 basis points.

The Australian dollar rose 0.1 percent to $0.7185, and the New Zealand dollar fell 0.1 percent to $0.65065.

The British pound was stable against the dollar at $1.2605.

As for cryptocurrencies, bitcoin fell 0.9 percent to $ 31,467.

Ether, the smaller one, fell 0.6 percent to $1,928.

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