The euro fell for a fourth straight session against the dollar on Thursday, tumbling to a two-week low as data showing eurozone inflation cooled to its weakest in nearly four years raised speculation the European Central Bank may further ease monetary policy. The euro's weakness pushed the dollar index, which tracks the greenback against a basket of six major currencies, up for a fifth straight session to a two-week high, as forecasts of ECB action contrasted with expectations of potentially less stimulus from the US Federal Reserve in the months ahead.
Month-end positioning also weighed on the euro, traders said, which hit a low of $1.3593, its weakest since October 17. It last traded at $1.3598, down 1.0 percent, marking its largest daily percentage loss since April 17.
The dollar index, which is dominated by the euro, reached 80.217, its highest since October 17, pulling further away from a nine-month low of 78.998 hit on Friday. It last traded up 0.5 percent at 80.158. The dollar last traded down 0.3 percent to 98.18 yen, according to Reuters data.
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