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.
foreign exchange :: 2025-09-11 :: source - reuters
By Reuters
An employee holds U.S. dollar bank notes at a money changer in Jakarta, Indonesia, April 9, 2025. REUTERS
(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.
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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 .
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