Dollar rises to one-week high against euro

THE dollar rose to a one-week high against the euro yesterday after the Federal Reserve suggested on Tuesday it may raise interest rates sooner than investors expected.

Yields on US debt securities rose, boosting their appeal to international investors.

A rate increase by the Fed also would signify stronger economic growth, attracting foreign investment in shares of US companies. “As rates start to back up, in anticipation of stronger economic data and tighter monetary policy,” investors may be drawn to higher potential returns on dollar-denominated investments, said Marcel Kasumovich,