Dollar hovers above 3-month low to euro as ECB decision looms

The U.S. dollar hovered above a three-month low to the euro on Thursday as attention turned to the European Central Bank’s rate-setting meeting later in the day, after U.S. inflation data failed to alter views for a Federal Reserve pause next week.

The yen pulled away from near a 10-month trough to the dollar as a decline in long-term Treasury yields removed some support for the U.S. currency.

Source: CNBC