The dollar rose to 16-month highs against the euro and other currencies on Thursday, and the yen fell back towards multi-year lows, after the hottest U.S. inflation reading in a generation encouraged bets on interest rate hikes. Editing by Timothy Heritage and Mark Potter You have reached your article limit Register for FREE to continue using Reuters.com Free registration gives you access to: Unmatched, global, round-the-clock news Hand-picked insights that are easy to find and use Our Daily Briefing newsletter, delivering the day"s headlines right to your inbox Already registered? Sign in