The dollar rose against the euro for a second day on Tuesday before a U.S. inflation report that could point to higher American interest rates. In early European trading, the euro fell to $1.2349 from $1.2367 late Monday in New York, as the dollar extended gains made Friday. The dollar also rose against other major currencies, with the British pound falling to $1.8086 from $1.8117 on Monday. The dollar was also up to 109.28 Japanese yen from 109.25. A report Tuesday on U.S. consumer prices is expected to show an increase in inflationary pressure, fueled by skyrocketing oil prices. That could strengthen expectations that the U.S. Federal Reserve will raise interest rates, making some U.S. securities more attractive and boosting demand for dollars. The dollar already got a lift on Monday when the U.S. Treasury Department reported a rise in foreign buying of U.S. securities in June. However, many analysts expect those gains to be short-lived because of abiding concerns about the U.S. trade and budget deficits. The euro rose to an all-time high of $1.3667 in December, though it has since slipped back. It remains far above the low of 82 cents hit in October 2000.