(Updates prices, adds commentary, New York dateline) By Sinéad Carew and Joice Alves New York/London (Reuters) – The U.S. dollar rose against the euro and yen on Monday, as investors kept their focus on the Federal Reserve’s interest rate hiking path after a policymaker said too much was being made of last week’s cooler U.S. inflation data. The dollar index fell 4% last week, marking its biggest weekly drop since March 2020, after data showing U.S. consumer prices rose less than expected in October prompted bets the Fed would scale back its hefty interest rate hikes. But Governor Christopher W…