India, Nov. 11 -- The U.S. dollar strengthened against other major currencies in the European session on Wednesday, as hotter-than-expected U.S. inflation statistics increased anticipation that the Federal Reserve will raise borrowing costs next month.
The Labor Department released on Tuesday that the U.S. consumer price index rose by 0.4 percent in October after climbing by 0.6 percent in September. Economists had expected consumer prices to rise by 0.3 percent.
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