The dollar retreats from its highest level in 18 months despite U.S. inflation data.
- The dollar declined from its highest level in eighteen months.
- The euro rose by 0.3 percent, reaching 1.1187 dollars.
- The Australian dollar fell by 0.3 percent amid employment rate drop.
- The Japanese yen strengthened, rising approximately 0.3 percent against the dollar.
Dollar Declines from 18-Month High Despite Strong U.S. Inflation Data
The dollar fell on Thursday, retreating from its highest level in eighteen months, even as U.S. inflation data exceeded expectations.
Euro and Pound Experience Gains
The euro rose by 0.3 percent, reaching 1.1187 dollars, recovering from its lowest point in eighteen months. Meanwhile, the British pound increased by 0.2 percent to 1.3224 dollars, bouncing back after hitting its lowest level in thirteen months.
Australian and New Zealand Dollars Show Mixed Results
The Australian dollar recorded a decline of 0.3 percent, settling at 0.6952 dollars, following an unexpected drop in local employment rates during September. In contrast, the New Zealand dollar appreciated by 0.2 percent, reaching 0.5604 dollars.
Japanese Yen Gains Against the Dollar
The Japanese yen also strengthened, rising approximately 0.3 percent to 157.82 against the U.S. dollar.
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