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Currencies: Dollars ends week on soft note as inflation report disappoints

The dollar finished the week in the red on the back of weak July inflation figures, as well as new comments earlier Friday from President Trump warning North Korea against threatening the U.S. or its allies.

The President continued that America’s military forces were “locked and loaded” in case of an armed conflict.

The consumer-price index climbed 1.7% on the year versus expectations of 1.8% and the June figure of 1.6%. Core inflation excluding food and energy came in at 1.7%, in line with estimates and June numbers.

Read:Inflation remains soft in July, CPI shows

The ICE Dollar Index DXY, -0.34% which measures the greenback against a basket of six rival currencies, dipped into negative territory following the data release, but picked up some steam, sliding to 93.0840, down from 93.460 earlier on Friday.

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