LONDON—The dollar tiptoed higher for a 3rd consecutive day on Friday since a surprisingly strong U.S. inflation print shocked markets and prompted investors to advance their bets on a U.S rate hike to as early as mid-2022. With short-dated U.S. Treasury yields edging higher—five-year bond yields rose to a February 2020 high—investors ramped up bets that U.S. policymakers will be forced to raise interest rates sooner than later. Against a basket of its rivals, the dollar index firmed 0.1 percent to 95.27, its highest level since July 2020. The greenback’s push higher this week has seen it break above a two-month trading range with analysts predicting more gains. “We don’t think this is the end of the move and expect the U.S. dollar to remain strong into the first half of 2022 as we will be going into the first half of 2022 with the Fed’s taper coming to a …