The U.S. dollar turned in a sluggish performance on Friday, extending recent weakness, amid easing concerns about interest rate hikes, and data showing a slowdown in the pace of consumer price growth in the month of April.
The Commerce Department's report showed the rate of core consumer price growth slowed to 4.9% in April from 5.2% in March, raising optimism that the Fed will slow the pace of monetary policy tightening in the second half of the year.
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