The US dollar nursed losses against most currencies on Thursday after benign data on U.S. consumer price data and a decline in Treasury yields led some investors to trim bets on a rapid acceleration in inflation, Reuters reports. Against the euro, the dollar was quoted at $1.1928, nursing a 0.2 percent loss from the previous session. The British pound bought US$1.3933 after rising 0.3 percent on Wednesday. The dollar traded at 108.37 yen, extending a pullback from a nine-month high reached on Tuesday. Against the safe-harbor Swiss franc, the dollar bought 0.9297.

Source: The Standard March 11, 2021 03:00 UTC