Dollar hits one-month high on lingering chances of Fed hike

TOKYO, July 28 : The U.S. dollar held at a one-month high on Tuesday as traders weighed a slim but lingering chance of a rate hike at the Federal Reserve's upcoming meeting, even as falling oil prices eased some concerns over inflation.The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, edged up 0.03 per cent to 101.55, with the euro down 0.01 per cent at $1.1366. Against the Japanese yen, the dollar gained 0.05 per cent to 163.82, while sterling eased 0.02 per cent to $1.3284.Although a pause in U.S. attacks on Iran pushed oil prices lower and somewhat eased inflation worries, U.S. Treasury yields retreated only modestly compared with moves in other markets overnight."The lack of meaningful buying at the front end of the Treasury c