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)
