Dollar holds losses after CPI rises less than forecast

NEW YORK (Reuters) – The dollar held its earlier losses on Thursday against a basket of currencies as data showed domestic consumer prices grew less than analyst forecasts in September, reducing expectations inflation is accelerating despite a tightening labor market.

At 8:57 a.m. (1257 GMT), an index that tracks the greenback versus six currencies <.DXY> was down 0.39 percent at 95.138 after touching its lowest level in nearly two weeks.

(Reporting by Richard Leong; Editing by Chizu Nomiyama)