Dollar holds losses after CPI rises less than forecast

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© Reuters. FILE PHOTO: Illustration photo of a U.S. five dollar note© Reuters. FILE PHOTO: Illustration photo of a U.S. five dollar note

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 () was down 0.39 percent at 95.138 after touching its lowest level in nearly two weeks.

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