HONG KONG, Sept 29 (Reuters) – The dollar inched higher on Tuesday to hover near a two-month high as volatile oil prices and a rapid climb in Treasury yields lent support, though gains were limited as traders awaited US data this week for clues to the Federal Reserve’s rate path.
The euro traded near its weakest in three months at $1.1360 after the European Central Bank’s chief signalled measured steps to quell inflation. Sterling was down 0.1% at $1.3242, also not far off a three-month trough.