Reuters

The dollar held at a nine-day high on Thursday, bolstered by concern U.S. inflation pressures will pick up, although worries about an escalation in trade conflict capped gains.

Stocks and commodities recovered as markets tried to consolidate from the previous session’s steep losses.

China accused the United States of bullying and warned it would hit back after the Trump administration raised the stakes in their trade dispute

Increased more than expected in June amid gains in the cost of services and motor vehicles, leading to the biggest annual increase in 6-1/2 years.

The euro rose to a daily high on Wednesday after a report that European Central Bank policymakers were split over when the central bank would raise rates next year.

The BOC raised interest rates on Wednesday as expected and signaled more rate hikes to come.

The pound edged down from $1.33 on Wednesday as investors tried to gauge if the resignation of two ministers would affect an expected interest rate hike this summer.

Gold prices slipped on Wednesday as U.S. threats of additional tariffs pushed safe-haven flows to the dollar.

Stocks fell and metals prices slumped to their lowest in a year on Wednesday, as U.S. threats of tariffs pushed the world’s two biggest economies ever closer to a full-scale trade war.

European stocks fell on Wednesday as an escalation in the U.S.-China trade dispute looked set to bring a six-session winning streak to an end.