Traders largely ignored a matched batch of economic data, including an upbeat reading on US wholesale inventories.
The buck improved to
Early gains took the dollar to
Wholesale inventories in the US increased by much more than expected in the month of April, according to a report released by the
The report said wholesale inventories surged up by 1.1% in April, matching the increase seen in the previous month. Economists had expected inventories to increase by about 0.5%
Industrial output gained 0.4% in April from March, when it grew by a revised 0.1%, the
Chinese inflation accelerated more than expected to a level last seen in January on higher food prices, while producer prices declined at a slower pace for the second month in May.
Inflation rose to 2.5% in May after slowing to 1.8% in April, the
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