Dollar Retreats After Inflation Exceeds Expectations
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inflationReuters
•Business
Business & Economics
Dollar falls after cooler-than-expected consumer price data

81% Informative
The dollar retreated on Tuesday , giving back some of its sharp gains a day earlier .
The Labor Department said the consumer price index increased 0.2% last month .
Still, inflation is likely to pick up steam in the coming months as U.S. tariffs lift the cost of imported goods.
The greenback rallied more than 1% on Monday on optimism that a tariff deal with China could cool the trade war.
VR Score
93
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