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FOREX-Dollar edges up against euro after U.S. inflation data

The dollar edged higher against the euro on Friday after U.S. producer inflation data for November came in slightly hotter than expected, bolstering the case for continued interest rate hikes by the Federal Reserve even if at a slower pace.

U.S. producer prices increase in November

U.S. producer prices increased a bit more than expected in November, but the underlying trend in inflation is moderating, which could allow the Federal Reserve to slow its pace of interest rate hikes next week.

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