LONDON/SINGAPORE—The dollar rose in somewhat calmer trading on Tuesday, after tumbling on Monday following the collapse of Silicon Valley Bank (SVB), as investors waited for the release of U.S. consumer inflation data later in the day.
Tuesday’s consumer price index (CPI) figures have the potential to drive further volatility in global markets, coming a day after fears of a potential banking crisis caused traders to rapidly scale down their expectations for Federal Reserve rate hikes.
The euro was last 0.36 percent lower at $1.069 as the greenback bounced. It hit a one-month high of $1.075 on Monday and rose 0.85 percent across the session….