The U.S. dollar moved down against its major rivals in the European session on Thursday, after a data showed that the nation's consumer prices increased less than expected in October, raising hopes for a slower pace of tightening by the Federal Reserve in the future.
Data from the Labor Department showed that the consumer price index rose by 0.4 percent in October, matching the increase seen in September. Economists had expected consumer prices to climb by 0.6 percent.
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