The U.S. dollar firmed against most of its major rivals on Thursday after data showing the nation's inflation rose more than expected in January, raising expectations that the central bank is likely to hike interest rate by 50 basis points in March.
The Labor Department said its consumer price index climbed by 0.6% in January, matching the upwardly revised advance seen in December. Economists had expected consumer prices to rise by 0.5%, matching the increase originally reported for the previous month.
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