U.S. dollar rises ahead of CPI data, Fed meeting

NEW YORK, Dec. 12 (Xinhua) -- The U.S. dollar strengthened in late trading on Monday as market participants awaited a key U.S. inflation report and the Federal Reserve's monetary policy meeting.

The U.S. consumer price index (CPI) for November is slated for release on Tuesday.

The Fed is expected to deliver another interest rate hike when concluding a two-day policy meeting on Wednesday.

The dollar