FOREX-Dollar at 2021 high after hot U.S. inflation
* Dollar index trades above key 95 level
* Dollar hits 2021 peaks vs euro and sterling; surges on yen
* AUD slips after jobs disappointment
SYDNEY, Nov 11 (Reuters) – The dollar hit 2021 highs against sterling and the euro on Thursday, while the yen was smarting from its sharpest drubbing in a month, after the hottest U.S. inflation reading in a generation fanned bets on rate hikes.
U.S. consumer prices grew at their fastest annual pace since 1990 last month, data showed, and traders think the Federal Reserve could respond by lifting interest rates faster than peers in Europe and Japan.
The euro was pummelled, as the European Central Bank is seen lagging on policy tightening, and it slipped further to $1.1465 on Thursday, its lowest since July 2020. It is without major chart support until around $1.12.
Sterling was also marginally down at a fresh 11-month low on Thursday of $1.3393. The yen extended a sharp reversal of recent gains to…
