(Bloomberg) -- The dollar was little changed against the euro and yen after a government report showed U.S. consumer prices excluding food and energy matched economists' forecasts.
Traders had cut bets the Federal Reserve will reduce borrowing costs this year after reiterating during the May 9 meeting its primary concern was the risk of faster inflation. Fed Bank of Dallas President Richard Fisher said yesterday he expects growth to pick up in coming quarters.
Read more at Bloomberg Currencies News
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