US dollar retreated from an 18-month peak on Thursday as investors looked past strong US inflation and spending data to focus on a shakeout in the securities of AI data center firms. The dollar index, which measures the US currency against a basket of peers, fell 0.45 per cent to 101.99, having hit an 18-month high on Wednesday after US inflation figures came in stronger than expected. US producer prices rose by the most in 4-1/2 years in September as goods and services costs increased, adding to evidence that inflation pressures are spreading beyond energy.
Retail sales rose more than expected last month, lifted by higher gasoline prices, while weekly jobless claims marginally increased, pointing to resilient consumer demand and a stable labor market.
