Euro rises against dollar for 3rd straight day, nears 3-month high

The dollar finished broadly lower for the third straight day Thursday, and was on track to record a fifth straight week of losses against the euro, as Treasury yields moved lower.

A batch of mixed U.S. economic data briefly pushed the buck higher, but its gains faded as yields declined, sending the euro back above $1.14 — just below a 3-month high around $1.1460.

Producer prices declined for the seventh time in the last nine months, falling a seasonally adjusted 0.4%. Economists polled by MarketWatch had expected no change.

Initial jobless claims in the period stretching from May 3 to May 9 decreased by 1,000 to 264,000, the Labor Department reported, holding near a 15-year low.

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