Peru's socialists cheer election win as conservatives pledge to fight on

SYDNEY: The dollar hit 2021 highs against sterling and the euro on Thursday (Nov 11), while the yen was smarting from its sharpest drubbing in a month, after the hottest US inflation reading in a generation fanned bets on rate hikes.

US consumer prices grew at their fastest annual pace since 1990 last month, data showed, and traders think the Federal Reserve could respond by lifting interest rates faster than peers in Europe and Japan.