LONDON—The U.S. dollar held firm on Friday after its biggest daily increase since March the day before, as hot U.S. consumer prices data revived prospects that the Federal Reserve may have to raise rates further to get inflation back towards its 2 percent target.
The consumer price index (CPI) rose 0.4 percent in September, keeping the annual rate at 3.7 percent, the same as in August, while economists polled by Reuters had forecast it would gain 0.3 percent on the month and 3.6 percent year-on-year.
