The U.S. dollar edged lower Thursday, with a key gauge of the currency’s performance versus major rivals braced for a second straight loss, after April consumer-price inflation data came in weaker-than-expected.

Don’t miss: How much juice is left in the dollar rally?[1]

What are currencies doing?

The ICE U.S. Dollar Index DXY, -0.48%[2] which measures the buck against a half-dozen counterparts, was down 0.4% at 92.668, and pulling further pulling away from a four-month high reached on Tuesday.

The broader WSJ Dollar Index BUXX, -0.48%[3] which tracks the U.S. unit’s strength against 16 currencies, shed 0.5% to 86.22.

The British pound GBPUSD, -0.2215%[4]  bought $1.3518, slipping from $1.3547 late Wednesday in New York.

The euro EURUSD, +0.5990%[5] changed hands at $1.1927, up from $1.1853 late in the previous session. The greenback was weaker against the Japanese yen USDJPY, -0.30%[6] buying ¥109.39 versus ¥109.74 late Wednesday. ...

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