EURO US DOLLAR SHORT

The euro changed hands at $1.135 during the third week of January, down from a recent two-month peak of $1.148 and following a jump in yields over the past few days. Concerns over imminent policy tightening in the US resurfaced after several Federal Reserve officials signaled they were prepared to hike interest rates in March to combat inflation. At the same time, the European Central Bank is seen slower than other major central banks in tightening monetary policy, with markets pricing in a 10 basis-point rate hike from the European Central Bank in September and betting on a second rate hike by December.