Euro Falls Against the Dollar After Eurozone Inflation Data

Euro Falls Against the Dollar After Eurozone Inflation Data
The European Central Bank (ECB) presents the new 50 euro note at the bank's headquarters in Frankfurt, Germany, on July 5, 2016. Ralph Orlowski/Reuters
Reuters
Updated:

LONDON—The euro fell against the dollar on Thursday after data showed inflation in the eurozone was not as high as investors had feared based on national readings in recent days.

Eurozone inflation eased to 8.5 percent in February from 8.6 percent a month earlier on lower energy prices, but still came in above a predicted 8.2 percent in a Reuters poll of economists.