Weak dollar: Euro and yen strengthen amid new data

The dollar showed an accelerated decline against the euro and the yen, losing about 2% on Thursday after the publication of fresh data on consumer prices in the United States. 

The euro strengthened against the dollar, rising by 1.65% and reaching $1.1126, although the day before the close was fixed at $1.0948 per euro. At the same time, the dollar's exchange rate against the Japanese yen fell by 1.9% to 144.78 yen against the previous 147.75 yen per dollar. 

Before the statistics were published, the European currency reached the level of $1.11, and the yen strengthened to 145.4 per dollar. As for the dollar index, which reflects the dynamics of the US currency against a basket of six key trading partner currencies, it fell by 1.47% to 101.48 points as of 17:00 Moscow time.

The main attention of market participants on this day was focused on the published data of the American macroeconomic statistics. In annual terms, inflation in the United States slowed to 2.4% in March, compared with 2.8% in February. Analysts' expectations suggested an inflation rate of 2.6%. In addition, on a monthly basis, consumer prices recorded a decrease of 0.1%.