23.07.201403:50:31UTC+00US dollar climbs on inflation, home sales data

The US dollar traded higher versus most major counterparts Tuesday after investors contemplated on firm US inflation and existing home sales number, as well as the US economy continued to improve.

The greenback dropped 0.43% at 1.3466 in US trading.

Earlier, the Labor Department reported the US consumer price index climbed 2.1% in June while the US consumer prices edged up 0.3% following a 0.4% surge in May.

June;s core inflation rate, excluding food and energy costs, increased by 0.1% from May and 1.9% on year. The National Association of Realtors posted earlier the existing US home sales went up 2.6% to 5.04 million units in June, from 4.91 million in May.