NEW YORK: The dollar fell for a third straight day on Thursday as the European Central Bank said it would keep a lid on borrowing costs, while US data eased inflation fears and jobless claims fell to a four-month low, giving a boost to riskier currencies.
The ECB said it was ready to accelerate money-printing to keep eurozone yields down, signaling to skeptical markets it was determined to lay the foundation for a solid economic recovery.
In the United States, soft consumer prices data on Wednesday helped to allay concerns about a possible spike in inflation when economies reopen from the COVID-19 pandemic.
The dollar index was down 0.14% at 91.686 against a basket of currencies, having touched a one-week low earlier in the session. The greenback had hit a three-month high of 92.506 on Tuesday.
The euro was around 0.14% higher against the dollar, at $1.19450. It has fallen 2.1% so far this year.
The Japanese yen ticked 0.11% higher versus the dollar at 108.505.
In cryptocurrencies, bitcoin steadied at $56,199.90. The digital currency has recovered some recent losses but not surpassed its all-time high of $58,354.14, which was reached on Feb. 21.
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