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NEW YORK, May 27 (Xinhua) — The U.S. dollar weakened in late trading on Friday as market participants digested the newly released U.S. inflation readings.
The dollar index, which measures the greenback against six major peers, decreased 0.16 percent to 101.6670.
In late New York trading, the euro was up to 1.0734 U.S. dollars from 1.0724 dollars in the previous session, and the British pound increased to 1.2626 U.S. dollars from 1.2595 dollars in the previous session. The Australian dollar rose to 0.7156 U.S. dollars from 0.7093 U.S. dollars.
The U.S. dollar bought 127.10 Japanese yen, lower than 127.17 Japanese yen of the previous session. The U.S. dollar fell to 0.9576 Swiss franc from 0.9593 Swiss franc, and it fell to 1.2724 Canadian dollars from 1.2772 Canadian dollars.
The U.S. Commerce Department reported Friday that the nation’s personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred inflation measure, rose 0.2 percent in April for a 6.3 percent year-on-year increase.
The core PCE prices, which exclude the volatile food and energy, rose 0.3 percent for a 4.9 percent year-on-year increase. Both the headline and core year-on-year increases fell 0.3 percentage points from March.
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