The greenback tumbled recently, but analysts weren't pointing to weaker-than-expected U.S. inflation data. Flat consumer inflation and a surprise drop in June retail sales triggered new doubts that the Federal Reserve will be able to raise interest rates again this year.
The consumer price index was up 1.6 percent on-year in June, the fourth month of surprising weakness.Retail sales fell 0.2 percent in June, down for a second month, raising concerns in markets about the strength of the economy.
The euro jumped 0.9 percent to $1.1580 amid the greenback weakness and speculation that the European Central Bank could signal its intent to scale back monetary stimulus. The Republican leadership delayed Senate consideration on the health-care legislation as U.S. Sen. John McCain was suggesting even the procedural vote count may come down to the wire. House Republicans in marginal districts who voted for the Obamacare are waking up . Of the 238 House Republicans, just 20 bucked their party leadership Thursday to vote against the American Health Care Act.