The U.S. dollar stayed weak against most of its peers on Wednesday after the latest batch of inflation data suggested the Fed would stay patient with regard to interest rates.
Data released by the Labor Department today showed a modest increase in producer prices in the month of February. The report said the producer price index for final demand inched up by 0.1% in February after edging down by 0.1% in January. Economists had expected prices to rise by 0.2%.
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