The U.S. dollar climbed higher on Wednesday, scoring gains against its major counterparts, as hopes of an interest rate cut by the Federal Reserve in June faded a bit after data showed U.S. consumer prices rose more than expected in March.
Data from the Labor Department showed U.S. consumer prices advanced by slightly more than expected in the month of March, climbing by 0.4%, matching the increase seen in February. Economists had expected consumer prices to rise by 0.3%.
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