Consumer prices jumped 5.1% from a year ago in January, up from 5% in December.
TOKYO (Reuters) - The euro hovered near its weakest in a month versus the safe-haven dollar and yen on Wednesday as traders fretted over a potential military conflict in Ukraine and the possibility of accelerated Federal Reserve policy tightening.
Tensions remained high after NATO said on Monday it was putting forces on standby and reinforcing eastern Europe with more ships and fighter jets
Traders were unmoved by euro zone inflation rising to 5% in December, a record high figure that was above analysts' consensus forecast for 4.7%
The rise was led by a surge in energy prices, according numbers released Friday by the European Union's statistical office
Major currencies held within well-worn trading ranges, however, as a surge in cases of the Omicron coronavirus variant forced countries to reimpose restrictions
The US dollar hovered near the highest since July of last year against major peers after a Federal Reserve official signaled a first pandemic-era interest rate hike could come as early as March
Sterling rose 0.7% to a two-week high of $1.3368 after the BoE raised its main interest rate to 0.25% from an historic low of 0.1%
Some of the fears around the Omicron variant ebbed after BioNTech and Pfizer said three shots of their COVID-19 vaccine neutralised it in a laboratory test.
LONDON (Reuters) -Monetary policy support in China and hopes that the Omicron variant of COVID-19 would be less severe than previously expected boosted currency market risk appetite on Tuesday, with the Australian dollar rebounding and the euro heading back towards 2021 lows.
The euro was introduced in cash form in 2002
The dollar hovered on Tuesday above the one-week low against major peers it hit last week, as fears eased that the new Omicron coronavirus variant would derail the U.S. recovery and delay Federal Rese
The euro fell 0.3% to its lowest level since early July 2020 at $1.1205.
The dollar set a 16-month high against the euro after Federal Reserve Chair Jerome Powell was nominated for a second term by President Biden
London (Reuters) -The euro fell on Monday to trade close to a 16-month low on growing concerns over the impact of new COVID-19 restrictions in Europe, with Austria starting a full lockdown and Germany considering following suit.
Austria began its fourth lockdown, the first introduced since vaccines became widely available, shutting Christmas markets, bars, cafes and theatres.
The euro held steady against the dollar on Tuesday and most currency pairs were stuck as traders waited for U.S. inflation data later in the week and more speeches from central bank governors
The dollar held losses to the euro and British pound late on Thursday
By Ritvik Carvalho
The U.S. currency was steady at $1.1558 per euro after strengthening to $1.1529 on Wednesday for the first time since July of last year.