India, June 11 -- The U.S. dollar dropped against its major counterparts in the New York session on Wednesday, as the consumer price index came in softer than expected in May.
On a monthly basis, the CPI rose 0.1% in May, following the 0.2% increase in April. The reading came in below expectations of a 0.2% rise.
The core CPI, which excludes food and energy prices, increased 0.1%, compared to estimates of a 0.3% rise.
On a yearly basis, the CPI increased by 2.4% in May, following the 2.3% increase recorded in the previous month. Economists had expected a 2.5% rise.
The dollar index fell 0.44% to 98.56.
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The greenback fell to a 6-day low of 0.8185 again...