After drifting lower against its major counterparts Friday morning following the release of the producer price inflation data, the U.S. dollar recovered some lost ground and advanced against a few rivals.
Data from the Labor Department showed that the producer price index slipped by 0.1% in December, matching a revised dip in November. Economists had expected producer prices to inch up by 0.1% compared to the unchanged reading originally reported for the previous month.
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