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NEW YORK (AP) - The dollar fell against most major currencies Tuesday after data showed inflation at the wholesale level edging up only slightly — casting doubt on prospects for another interest rate hike by the Federal Reserve.
The 12-nation euro bought $1.2782 in afternoon New York trading, up from $1.2719 in New York late Monday. The British pound rose to $1.8931 from $1.8878.
The dollar also fell against the Japanese currency, dropping to 116.07 yen from 116.67 yen.
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