LONDON—The euro edged further away from a one-month high on Wednesday and the U.S. dollar nudged up, lifted by higher Treasury yields as global inflation worries flared anew.
The dollar index, which measures the currency against six major peers, including the euro, rose 0.2 percent to 101.96, extending Tuesday’s gains, when data showed eurozone consumer inflation soaring to a record.
The euro was down 0.2 percent against the greenback, continuing to edge back from a one-month high of $1.0787, reached on Monday, when national inflation readings from the eurozone indicated a high print for the bloc.
“Belgian, Spanish, and German inflation data on Monday set the scene,” said Jamie Dutta, market analyst at Vantage Markets….