The U.S. dollar shed ground against most of its major rivals on Wednesday after data showed a sharper than expected acceleration in U.S. consumer price inflation in the month of September.
Data released by the Labor Department this morning showed that the consumer price index climbed 0.4% in September after rising by 0.3% in August. Economists had been expecting another 0.3% increase.
Excluding food and energy prices, core consumer prices edged up by 0.2% in September after inching up by 0.1% in August. The uptick in core prices matched economist estimates.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.