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The US dollar slipped on Friday and failed to appreciate after strong inflation PPI inflation and the dollar index was trading only marginally higher on the day, well down from its daily highs reached earlier in the day. The latest data showed that US PPI inflation accelerated higher to 2.9% year-on-year in October, up from 2.6% previously, while analysts had expected a slowdown to 2.5%. Moreover, the core inflation gauge also rose, although marginally and printed 2.6% from 2.5% previously. Monthly changes also rose more than doubled.

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