The U.S. dollar was weak against its peers on Wednesday, weighed down by data showing the country's core inflation grew less than forecast in February.
The report from the Labor Department showed core consumer prices inched up by 0.1% in February after coming in unchanged for two straight months. Economists had expected core prices to move up by 0.2%.
The consumer price index climbed 0.4% in February, following a 0.3% rise a month earlier.
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Forex News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.