Dollar Falls Versus Euro as Inflation Rate Slowed During April in the U.S.

(Bloomberg) -- The dollar fell against the euro after a government report showed U.S. consumer prices rose less than economists forecast last month.

Signs of easing price pressure may undercut the Federal Reserve's argument that inflation remains its predominant concern. Gains in the euro accelerated after it breached the $1.3560 level where buying orders on the European currency were triggered, strategists and traders said.


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