Markets

Dollar trims losses vs euro, yen after US CPI data

Published July 16, 2013 Updated July 16, 2013 12:58pm

1 min

By Imad Uddin

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NEW YORK: The dollar pared its losses against the euro and yen on Tuesday after data showed US consumer prices rose more than expected in June as gasoline prices jumped, but underlying inflation pressure remained benign.

The euro last traded at $1.3097, still up 0.3 percent on the day. Before the release, the euro was trading around $1.3121.

The dollar was down 0.3 percent on the day at 99.52 yen , compared with 99.35 yen before the data.

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