NEW YORK (Reuters) - The U.S. dollar reversed gains against the yen while the euro turned higher on Thursday after inflation data came in mostly in-line with market forecasts, reinforcing the view that the Federal Reserve will resume cutting interest rates at a policy meeting next week.
Higher-than-expected jobless claims also weighed on the dollar, suggesting a weakening labor market.
The dollar was last slightly down against the yen at 147.44 yen, while the euro rose 0.1% to $1.1712.
(Reporting by Gertrude Chavez-Dreyfuss; Editing by Aidan Lewis)
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US dollar pares gains vs yen, euro turns higher after inflation data, jobless claims
Published 2 months ago
Sep 11, 2025 at 12:59 AM
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