Forex Top Story

Dollar Rises On Inflation Data, But Retreats Later Against Some Major Rivals

The U.S. dollar, which climbed higher on Thursday after data showed a bigger than expected increase in the nation's consumer price inflation in the month of December, has pared gains and is turning in a mixed performance against its major counterparts.

The U.S. Labor Department said its consumer price index climbed by 0.3% in December after inching up by 0.1% in November. Economists had expected consumer prices to rise by 0.2%.

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by RTTNews Staff Writer

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