Dollar holds losses after CPI rises less than forecast
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FILE PHOTO: A U.S. five dollar note is seen in this illustration photo June 1, 2017. REUTERS/Thomas White/Illustration/File Photo
NEW YORK (Reuters) - The dollar held its earlier losses on Thursday against a basket of currencies as data showed domestic consumer prices grew less than analyst forecasts in September, reducing expectations inflation is accelerating despite a tightening labor market.
At 8:57 a.m. (1257 GMT), an index that tracks the greenback versus six currencies <.DXY> was down 0.39 percent at 95.138 after touching its lowest level in nearly two weeks.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)
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