NEW YORKâThe dollar rose on Tuesday on expectations the Federal Reserve could raise interest rates as early as March to counter rising inflation, while a global rally in stock markets knocked the safe-haven Japanese yen to a one-month low. The dollar index, which measures the currency against six major rivals, was 0.217 percent higher at 96.261. The greenback had been trading lower in the overnight session as riskier currencies rallied, but it strengthened after 9 a.m. Eastern time when data showed U.S. home prices rose 1.1 percent in October from September and were up 17.4 percent year-over-year. “We just got a reminder that what we’re really dealing with is inflation and what we’re really dealing with is the Fed,” said Joseph Trevisani, senior analyst at FXStreet.com. Fed funds futures are pricing better than 50 percent odds for a first quarter-point rate hike by March, odds that were “unheard of just …
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