Euro Stays Higher vs Dollar After Eurozone Inflation Data

Dow Jones10-02 17:23

0923 GMT - The euro stays slightly higher against the dollar after data showed eurozone inflation accelerated by more than expected in September. Annual inflation rose to 3.8% in September from 3.2% in August. Economists in a WSJ survey expected 3.6%. Core inflation rose to 2.5% in September from 2.4% in August, as expected. The euro rises 0.1% to $1.1247, little changed from before the data. Higher-than-expected inflation data from individual countries earlier this week meant Friday's figures weren't a big surprise. The euro reached a 16-month low of $1.1214 on Thursday, according to LSEG, driven by a stronger dollar on U.S. rate-rise expectations. The dollar falls on Friday after comments from the Federal Reserve's Philip Jefferson dampened rate-rise bets.

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