FOREX-US dollar pares gains vs yen, euro turns higher after inflation data, jobless claims
ReutersSep 11, 2025 12:47 PM
NEW YORK, Sept 11 (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 JPY=EBS, while the euro rose 0.1% to $1.1712 EUR=EBS.
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