US$ up for eleventh straight session

London

THE US dollar chalked up its 11th straight daily rise on Wednesday, as investors' focus moved to inflation data in the United States for more support for the idea of a rise in Federal Reserve interest rates next month.

European trade in the major currencies was dominated by dips for the Swedish krona and British sterling after the Riksbank and a report on the UK labour market sounded cautious notes on their respective economic outlooks.