The U.S. dollar gained ground against its most major counterparts in the European session on Thursday, as the nation's consumer prices increased more than expected in September, intensifying expectations for another 75-basis point rate hike by the Federal Reserve in November.
Data from the Labor Department showed that the consumer price index rose by 0.4 percent in September after inching up by 0.1 percent in August. Economists had expected consumer prices to edge up by 0.2 percent.
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