The U.S. dollar shed ground against some of its major counterparts on Tuesday, as traders looked ahead to U.S. inflation data for clues about the Federal Reserve's moves with regard to interest rates.
Data from the Labor Department tomorrow is expected to show consumer prices edged up by 0.2% in July after jumping by 1.3% in June. The annual rate of growth is expected to slow to 8.7% from a four-decade high of 9.1%.
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