NEW YORK, Dec. 13 (Xinhua) — The U.S. dollar weakened significantly in late trading on Tuesday after data showed U.S. consumer inflation rose less than expected in November.
The headline U.S. consumer prices index (CPI) rose 0.1 percent last month, below the 0.3 percent consensus, for a 7.1 percent year-on-year increase, the Labor Department reported on Tuesday.
The core CPI, which excludes food and energy, rose 0.2 percent, also below the 0.3 percent consensus, for a 6 percent year-on-year increase.
While there were signs of easing in price pressures, further solid progress against inflation is needed before the Federal Reserve can comfortably assume it is tracking back to 2 percent, according to experts.
The dollar index, which measures the greenback against six major peers, fell 1.09 percent to 103.9840 in late New York trading.
The euro was up to 1.0639 U.S. dollars from 1.0525 dollars in the previous session, and the British pound rose to 1.2374 dollars from 1.2260 dollars in the previous session.
The U.S. dollar bought 135.49 Japanese yen, lower than 137.76 Japanese yen of the previous session. The U.S. dollar decreased to 0.9287 Swiss francs from 0.9370 Swiss francs, and it was down to 1.3557 Canadian dollars from 1.3637 Canadian dollars. The U.S. dollar was down to 10.2114 Swedish Kronor from 10.3423 Swedish Kronor.