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The Labor Department will release U.S. consumer price index for November at 8:30 am ET Wednesday. Economists expect a flat reading on month after a 0.3 percent rise in October.
Ahead of the data, the greenback dropped against its major counterparts.
The greenback was worth 1.1350 against the euro, 1.2584 against the pound, 0.9940 against the franc and 113.36 against the yen as of 8:25 am ET.
