LONDON—The euro and the yen rose on Thursday, reversing some of their recent losses against the U.S. dollar, while the Swiss franc hit a one-month high against the euro after Swiss inflation soared to its highest in 14-years.
The dollar had risen to a three-week high versus the Japanese yen and rallied versus the euro after an overnight advance in Treasury yields. But by the European open momentum in the U.S. currency had fizzled along with a fall in U.S. yields. Trading on Thursday is quieter with London markets shut for a UK holiday.
