Dollar holds on to gains after firm US inflation; focus turns to China data

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Watch onTOKYO - The dollar remained firm on Friday, putting pressure across a basket of currencies as stronger-than-expected U.S. consumer inflation revived prospects that the Federal Reserve will have to keep rates higher for longer.

"CPI data for September reveal further challenges with the 'last mile' in pushing inflation persistently back towards the 2% target," said David Doyle, Macquarie head of economics, in a note. The boost to the greenback overnight saw the yen sliding back toward the sensitive 150-line briefly touched last week, with the Japanese currency last at 149.75 per dollar.

On the day, markets are also focused on a handful of economic data from China out later in the Asian morning, including trade data, consumer inflation and producer prices for September.

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