Tuesday, May 15, 2007

Dollar falls against euro, yen after CPI

(Reuters) - The dollar fell against the euro on Tuesday in a delayed reaction to a report showing core U.S. consumer prices in April met forecasts, which kept expectations for interest rates intact.

U.S. consumer prices advanced 0.4 percent in April on a continued rise in energy and food prices, below the 0.5 percent expected but painting a stable inflation picture, the Labor Department report showed. The core rate, which excludes volatile food and energy prices, advanced 0.2 percent in April. That was directly in line with expectations.


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