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NEW YORK, June 10 (Xinhua) — The U.S. dollar strengthened in late trading on Friday as market participants sifted through the May U.S. consumer inflation readings.
The dollar index, which measures the greenback against six major peers, jumped 0.88 percent to 104.1440.
In late New York trading, the euro was down to 1.0525 U.S. dollars from 1.0624 dollars in the previous session, and the British pound decreased to 1.2318 dollars from 1.2505 U.S. dollars in the previous session. The Australian dollar fell to 0.7057 U.S. dollar from 0.7103 dollar.
The U.S. dollar bought 134.37 Japanese yen, higher than 134.27 Japanese yen of the previous session. The U.S. dollar rose to 0.9881 Swiss franc from 0.9801 Swiss franc, and it increased to 1.2755 Canadian dollars from 1.2689 Canadian dollars.
The U.S. Labor Department reported Friday that U.S. consumer price index (CPI) rose 1.0 percent in May, above the 0.7 percent consensus, for an 8.6 percent year-on-year increase. The May CPI was the largest 12-month increase since the period ending December 1981.
The core CPI, which excludes food and energy, rose 0.6 percent, above the 0.5 percent consensus, for a 6.0 percent year-on-year increase.
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