LONDON—The dollar gave back the previous day’s advances against the euro and pound on Tuesday as traders turned their attention to U.S. inflation data due on Wednesday for signs of how close U.S. rates are to peaking.
The euro was up 0.52 percent at $1.0918 and the pound rose a similar amount to $1.2439 as most European markets returned from the long Easter weekend.
Both currencies over the break had slipped from their early April peaks after resilient U.S. labor market released Friday bolstered the case for a Federal Reserve rate hike next month, and also eased fears about a sharper U.S. economic slowdown….