Dollar squeezed as inflation drives up euro

The dollar nursed losses on Thursday as optimism about China’s reopening was supported by encouraging data and underpinned Asian currencies, while sticky inflation had the euro eying its best week in a month and a half.The dollar lost 0.9% on the euro overnight, and since it moved lower despite U.S. 

​The dollar nursed losses on Thursday as optimism about China’s reopening was supported by encouraging data and underpinned Asian currencies, while sticky inflation had the euro eying its best week in a month and a half.The dollar lost 0.9% on the euro overnight, and since it moved lower despite U.S. 

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