The dollar retreats from its highest level in 18 months despite U.S. inflation data.

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.

To follow the news in Arabic