NEW YORK—The dollar climbed on Wednesday while the euro weakened as oil prices saw another jump with U.S. President Joe Biden poised to announce, alongside other European leaders, new sanctions against Russia during his trip to Europe. Biden is due to arrive in Brussels later on Wednesday on his first foreign trip since the war in Ukraine began, and will meet NATO and European leaders in an emergency summit at the Western military alliance’s headquarters. Prices for commodities such as oil and wheat have climbed as tensions in Ukraine have escalated, putting additional upward pressure on already high inflation due to supply chain bottlenecks. Rising inflation has led many central banks including the U.S. Federal Reserve to take measures to rein in prices, such as by raising interest rates. “The capital flow is going to be I don’t want to be in Europe, it is closer to Ukraine literally in …