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FOREX-Dollar remains lower vs yen after US CPI report

Published 09/16/2009, 08:57 AM
Updated 09/16/2009, 09:00 AM

* Dollar remains lower against the yen

* US consumer prices rise in August

NEW YORK, Sept 16 (Reuters) - The dollar remained lower against the yen on Wednesday despite a government report that showed a rise in U.S. consumer prices.

The Labor Department said its closely watched Consumer Price Index rose 0.4 percent in August, after having been flat in July, a touch above expectations for a 0.3 percent gain. [ID:nN15416331].

Stripping out volatile energy and food prices, the closely watched core measure of consumer inflation rose 0.1 percent in August after rising 0.1 percent in July.

Against the yen , the dollar was down 0.6 percent at 90.48. The euro was moving higher in volatile trade touching $1.4681, well above the session low of $1.4650 . (Reporting by Nick Olivari; Editing by Theodore d'Afflisio)

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