The U.S. dollar was weak against its peers on Wednesday, weighed down by data showing the country's core inflation grew less than forecast in February.
The report from the Labor Department showed core consumer prices inched up by 0.1% in February after coming in unchanged for two straight months. Economists had expected core prices to move up by 0.2%.
The consumer price index climbed 0.4% in February, following a 0.3% rise a month earlier.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.