The U.S. dollar was weak against most major currencies on Tuesday as risk sentiment improved after U.S. stocks gained in strength, and on optimism about a big stimulus package from the European Union.
In economic news, data released by the Labor Department showed a slightly bigger than expected increase in U.S. consumer prices in the month of June. The data said the consumer price index climbed by 0.6% in June after edging down by 0.1% in May. Economists had expected consumer prices to rise by 0.5%.
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