Japan's core inflation rate rose 3.1% in August from a year earlier, matching the previous month. The index has stayed above 2% for the 17th straight month.
European natural gas prices surged almost 40% on Wednesday as the potential for disrupted global LNG supply from Australia spooked traders betting on further price declines.
The Fed expressed concerns at their last meeting on ‘significant upside risks’ to inflation though some urged caution for larger impact of tightening on economy.
The dollar's nine-week winning streak, its longest since 2014, saw hedge funds reduce net short positions by nearly $5 billion last week, per CFTC data.