[1/2] A woman counts U.S. dollar bills at her home in Buenos Aires, Argentina August 28, 2018.
Cooler-than-expected U.S. inflation data on Tuesday and Wednesday reset market expectations for how soon the Federal Reserve will cut rates and weighed on the dollar.
The greenback is poised for its biggest weekly drop since July, down 1.6% over the past five days, and second-biggest decline this year.
Data that showed U.S. single-family homebuilding increased marginally in October briefly supported the dollar, but with inflation the main market driver it remained lower on the day.
The euro was up 0.17% at $1.0868 after Eurostat data confirmed year-on-year inflation in the euro zone slowed sharply in October.
Persons:
Marcos Brindicci, Bipan Rai, Thierry Wizman, Wizman, Lee Hardman, Robert Holzmann, Joachim Nagel, Christine Lagarde, Herbert Lash, Iain Withers, Rae Wee, Tom Westbrook, Mark Potter, Kirsten Donovan
Organizations:
REUTERS, Federal Reserve, CIBC Capital Markets, FX, Eurostat, European Central Bank, Thomson
Locations:
Buenos Aires, Argentina, North America, Toronto, United States, Macquarie, New York, Britain, London, Singapore