NEW YORK (Dow Jones)--The dollar initially strengthened versus the euro after data on consumer prices were announced Thursday but ticked back soon after.
The data show consumer prices rose a seasonally adjusted 0.5% in July, the largest monthly increase since March, the Labor Department said. It followed a 0.2% decline in June, when lower prices for gasoline helped inflation come down for the first time in a year.
The euro is quoted at EUR1.4381 versus the dollar, according to EBS via CQG. The session high for the dollar was EUR1.44520. Dollar/Japanese yen is quoted at 76.624 versus Wednesday's 76.601.
Later Thursday, a slew of data is scheduled to be released including existing home sales and leading indicators for July.
-By Anusha Shrivastava, Dow Jones Newswires; 212-416-2227; anusha.shrivastava@dowjones.com
