Dollar slips as US inflation data backs September rate cut
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NEW YORK :The dollar fell across the board on Tuesday after data showed that U.S. consumer prices increased moderately in July, leaving intact the case for a Federal Reserve interest-rate cut next month. The consumer price index rose 0.2 per cent last month after gaining 0.3 per cent in June, the Labor Department's Bureau of Labor Statistics said on Tuesday. In the 12 months through July, the CPI advanced 2.7 per cent after rising 2.7 per cent in June. Economists polled by Reuters had forecast
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