The Dollar started the session on a softer footing in N.Y. on Thursday, as risk-on conditions looked to be in order for the day. ECB chief Lagarde at her press conference was less than dovish in her presser, and for now, remains unconcerned by Euro strength. This saw EUR-USD head higher. In addition, while August U.S. PPI was sa bit warmer than consensus, initial and continuing jobless claims disappointed. This weighed on the Greenback some as well.

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