The US Dollar Index (DXY) trades softer on Thursday despite persistent inflation in the United States, as measured by the Personal Consumption Expenditure (PCE) Prices Index.

The AUD/USD declined by 0.45% to 0.6545 in Thursday's session, remaining near an 11-week low of 0.6540 ahead of the US Nonfarm Payrrolls data on Friday.

The US Dollar is on the back foot on Thursday, with investors bracing for the release of October’s PCE Prices Index data.

The personal consumption expenditures price index was expected to increase 0.2% in September and 2.1% from a year ago.

The Pound Sterling (GBP) edges higher to near 1.3000 against the US Dollar (USD) in Thursday’s London session.

NEW YORK :The dollar fell against the yen on Thursday, after the Bank of Japan's less dovish remarks and U.S. data suggested upward price pressures continue to ease, keeping the Federal Reserve on track to cut interest rates by 25 basis points next week.Data on Thursday showed U.S. consumer spending increased

MUMBAI:  The rupee settled on a flat note and rose 1 paisa to 84.07 (provisional) against US dollar on Thursday, weighed down by persistent foreign fund

NEW YORK : The dollar eased broadly on Thursday after U.S. data suggested upward price pressures continue to ease, keeping Federal Reserve policymakers on track to cut short-term U.S. borrowing costs by a quarter percentage point next week.Data on Thursday showed U.S. consumer spending increased slightly

RBI intervention supports rupee at lower levels, hovering near all-time low, impacted by foreign fund outflows and month-end demand.

The Dollar has extended its pullback against a somewhat stronger Yen on Thursday as the Bank of Japan Governour, Kazuo Ueda hinted at a further interest rate hike “if conditions are met”.

At the Investor’s and Exporter’s (I&E) window, the Naira traded between N1,677 and N1,610 against the dollar.

The Pound Sterling (GBP) declines to near 1.2900 against the US Dollar (USD) in Thursday’s New York session, the lowest level in 10 weeks.

The USD/CAD pair attracts fresh buying on Thursday and for now, seems to have stalled its corrective pullback from the 1.3940 area, or the highest level since August 5 touched the previous day.

The USD/CHF pair drifts lower to around 0.8655 during the early European session on Thursday.

Here is what you need to know on Thursday, October 31: The Harmonized Index of Consumer Price (HICP) inflation data from the Euro area and the Personal Consumption Expenditures (PCE) Price Index readings from the US will be watched closely on the last day of October.

The EUR/USD pair meets with some supply during the Asian session on Thursday and erodes a part of the previous day's gains to the 1.0870 area, or a one-and-half-week top.

Rupee rises slightly against dollar amid strong dollar, foreign fund outflows; RBI intervention expected to support local currency.

The EUR/JPY cross attracts some sellers to near 165.85 during the Asian session on Thursday.

AUD/JPY retraces its recent gains from the previous session, trading around 100.50 during Thursday's Asian hours.

USD/CAD appreciates to near its three-month high of 1.3940, recorded in the previous session, trading around 1.3920 during Thursday's European session.

The Australian Dollar (AUD) remains steady following the release of mixed economic data from Australia and China’s NBS Purchasing Managers Index (PMI) on Thursday.

The Japanese Yen (JPY) extends its consolidative price move against its American counterpart on Thursday and remains close to a three-month low touched earlier this week.

The NZD/USD pair recovers some lost ground to near 0.5980 on Thursday during the Asian trading hours.

WASHINGTON - Inflation increased slightly in September and moved closer to the Federal Reserve’s target, according to a Commerce Department report Thursday. The personal consumption expenditures price index showed a seasonally adjusted 0.2% increase for the month, with the 12-month inflation rate at 2.1%, both in line with Dow Jones estimates. The Fed uses the PCE reading as its primary inflation gauge, though policymakers also follow a variety of other indicators. Fed officials target inflation at a 2% annual rate, a level it has not achieved since February 2021. The September headline rate was down 0.2 percentage point from August. Though the headline number showed the central bank nearing its goal, the inflation rate was at 2.7% excluding food and energy, after the so-called core measure increased 0.3% on a monthly basis. The annual rate was 0.1 percentage point higher than forecast but the same as in August. The move in inflation was tilted toward services prices, which increased 0.3%, while goods prices…

The EUR/USD pair attracts some buyers to near 1.0855 during the early Asian session on Thursday.

The AUD/USD rebounded from multi-week lows on Wednesday, driven by broad-based US Dollar weakness.

The USD/CAD pair trades neutrally on Wednesday near 1.3915.

The naira has returned to depreciation ways against the dollar at the foreign exchange market on Wednesday as FX supply dropped. FMDQ data showed that it

On the domestic equity market front, Sensex declined 426.85 points, or 0.53%, to 79,942.18 points. The Nifty fell 126.00 points, or 0.51%, to 24,340.85 points

The US Dollar Index (DXY), which measures the value of the USD against a basket of six currencies, lost ground on Wednesday following the release of mixed economic data.