Dollar rises to 150 yen, 1st since November, after U.S. price data

The U.S. dollar strengthened to the upper 150-yen range Tuesday in New York, a level unseen since November, as higher-than-expected U.S. consumer price data tempered market expectations of an early interest-rate cut by the Federal Reserve.At 5 p.m. in New York, the dollar traded at 150.72-82 yen after hovering above the 150.50-yen line throughout most of the day and temporarily hitting 150.88 yen.The dollar rose to the lower 150-yen level in the morning after being quoted at 149.58-59 yen in Tokyo at 5 p.m. The U.S. currency last topped the psychologically important threshold on Nov. 17.The…READ FULL ARTICLE