LONDON—The dollar ticked up on Monday amid rising bets U.S. inflation will bolster the case for higher interest rates while the European Central Bank’s dovish stance on rising prices weighed on the euro. The dollar had met with selling late last week after a weaker-than-expected headline U.S. job-creation figure squeezed traders out of long dollar positions. But analysts said better-than-expected unemployment numbers and U.S. inflation figures expected to show headline CPI at a red-hot 7 percent year-on-year on Wednesday, make a good case for interest rates to rise sooner rather than later. “The Fed is likely to feel the pressure from this early additional price pressure and feel compelled to start the hiking cycle even as soon as the March meeting,” said Elsa Lignos, Global Head of FX Strategy at RBC Capital Markets. Traders have priced an over 90 percent chance of a rate hike in March according to CME’s …