The U.S. dollar fell against its major counterparts in the European session on Tuesday, along with treasury yields, after a data showed that the nation's core inflation rose less-than-expected in March, reducing concerns over a more aggressive tightening of monetary policy by the Federal Reserve.
Data from the Labor Department showed that core consumer prices, which exclude food and energy prices, edged up by 0.3 percent in March after rising by 0.5 percent in February. Economists had expected another 0.5 percent increase.
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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.