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Dollar Edges Higher Against Euro on Strong US Inflation Data

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The US dollar rose against major peers, including the euro and Swiss franc, after data showed higher consumer prices in August.

A report from the Labor Department revealed that the Consumer Price Index (CPI) increased 0.4 per cent in August, following a 0.1 per cent rise in July.

In the 12 months through August, inflation advanced 3.4 per cent after rising by the same margin in July.

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