Dollar gains ground as attention shifts to inflation in Europe

Following unfavorable surprises in Germany, France, and Spain that gave the euro a boost this week, the dollar took a breather in Asia on Thursday, stabilizing as U.S. yields increased and investors awaited European inflation data. The dollar's 0.9% loss against the euro on Wednesday was the largest decline in a month. Prior to the release of inflation statistics at 1000 GMT on Thursday, the euro was approximately 0.2% stronger, trading at....