The dollar is rising toward a new high for the year on speculation that Wednesday’s US inflation reading and Federal Reserve policy decision will increase demand. The Bloomberg Dollar Spot Index rose Tuesday for a fourth straight session, climbing a total of 1.2% in that period, amid help from last week’s report of US jobs growth and political turbulence in Europe. The gauge now trades about 0.3% below this year’s peak reached on April 19, and is poised to end the day at the highest level in more than seven months. “Tomorrow presents a real opportunity for the dollar to extend its recent gains, Powell permitting,” ... (full story)