The U.S. dollar traded mixed against other major currencies on Tuesday as the country's inflation data failed to support the expectations for an interest- rate hike in June.
The U.S. Commerce Department reported Tuesday that the price index for the personal consumption expenditure (PCE), a gauge for the inflation level preferred by the Federal Reserve, increased 0. 3 percent from a month earlier.
The core PCE price index, excluding volatile food and energy, rose 0.2 percent from the previous month and 1.6 percent from a year ago, still below the central bank's target of 2 percent.
Analysts said the latest reading did not support bets on a rate-hike as early as June.
In late New York trading, the euro rose to 1.1139 dollars from 1.1114 dollars of the previous session, and the British pound decreased to 1.4477 dollars from 1.4608 dollars. The Australian dollar went up to 0.7223 dollars from 0.7178 dollars. The dollar bought 110.54 Japanese yen, higher than 110.43 yen of the previous session. The dollar slipped to 0.9930 Swiss francs from 0.9944 Swiss francs, and it inched up to 1.3132 Canadian dollars from 1.3038 Canadian dollars.
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