Currencies: Dollar slips after rally, but analysts see more upside ahead

The dollar moved slightly lower against other major currencies on Thursday, pulling back after a late-day rally in the prior session that was sparked by a Federal Reserve report suggesting U.S. inflation is picking up.

However, analysts said the greenback could swing back higher again, as traders pick up the currency after a recent losing run that sent a key dollar index to a three-year low.

What are currencies doing?

The ICE U.S. Dollar Index DXY, -0.33% , which measures the greenback against a basket of six rivals, was down 0.3% at 90.75, according to data on the MarketWatch site.

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