Dollar gains as inflationary pressures persist; eyes on C. banking meetings

SINGAPORE, Dec 12 (Reuters) – The dollar rose on Monday after data on Friday showed U.S. producer prices rose more than expected last month, indicating lingering inflationary pressures and a chance the Federal Reserve will hold higher interest rates for longer. The dollar gained 0.35% against the Japanese yen to 137.05. Against a basket of …

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