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The dollar retreated against major currencies on Wednesday following data showing a smaller-than-expected increase in US inflation, which reduced market bets on an interest rate hike from the Federal Reserve. The euro rose 0.15% to $1.135725.
The Swiss franc strengthens to around $0.798, its highest level in two months, as FX dynamics shift amid US Treasury bond buyback plans and SNB guidance on keeping its policy rate at 0%.