Dollar gains for four straight days as investors focus on inflation data this week

The dollar rose for four straight sessions on Monday as investors waited to see U.S. inflation data released this week, which is expected to show that price pressures remain high, which is bound to allow the Federal Reserve to continue aggressive monetary policy into next year. And after the Bank of England expanded its support for financial markets, the pound was still down for four straight sessions.

The U.S. dollar index (DXY), which tracks the greenback against six major currencies, was up 0.3 percent at 113.144 on Monday, having climbed last month’s 20-year high of 114.78. Sterling was down 0.2% at $1.1054. The euro was down 0.4 percent against the dollar at $0.9705.

U.S. data on Thursday is expected to show headline inflation at 8.1% in September, down from 8.3% in August. Core inflation is expected to rise to 6.5% from 6.3% in August.

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