Following the release of the U.S. inflation report, housing starts and building permits-all for May at 8:30 am ET, the US dollar edged lower against its major rivals. As of 8:33 am ET, the greenback was trading at 1.3374 against the euro, 95.41 against the yen, 1.5604 against the pound and 0.9210 against the Swiss franc.
The consume price index climbed to 0.1 percent on month and 1.4 percent on year, compared to expectations for an increase of 0.2 percent and 1.4 percent, respectively. Housing starts rose 6.8 percent in May, weaker-than the predicted growth of 11.4 percent.
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