FOREX-Dollar falls vs euro, pares gains vs yen after in-line U.S. inflation data


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    NEW YORK, March 13 (Reuters) - The dollar extended losses
against the euro and pared gains after data showed U.S.
inflation data for February was in line with market
expectations, suggesting that the Federal Reserve remained on
track to raise interest rates at a gradual pace..
    The euro gained 0.2 percent against the dollar to $1.2355
 EUR=  after the data. Against the yen, the dollar pared gains
to trade below 107 yen  JPY= .
    The Labor Department said its consumer Price Index rose 0.2
percent last month after jumping 0.5 percent in January. In the
12 months through February, the CPI rose 2.2 percent, up from
2.1 percent in January as the weak reading from last year
dropped from the calculation.*:nLNSDEEE8Q

 (Reporting by Gertrude Chavez-Dreyfuss
Editing by Chizu Nomiyama)
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