The U.S. dollar fell against its major counterparts in the European session on Tuesday, along with treasury yields, after a data showed that the nation's core inflation rose less-than-expected in March, reducing concerns over a more aggressive tightening of monetary policy by the Federal Reserve.
Data from the Labor Department showed that core consumer prices, which exclude food and energy prices, edged up by 0.3 percent in March after rising by 0.5 percent in February. Economists had expected another 0.5 percent increase.
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