India, March 28 -- The U.S. dollar weakened against its major counterparts in the New York session on Friday, following the release of PCE inflation data for February.
Data from the Commerce Department showed that U.S. consumer prices increased in line with economist estimates in the month of February, although core consumer prices rose by slightly more than expected.
The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in February, matching the increase seen in the two previous months as well as economist estimates.
The annual rate of growth by the PCE price index was 2.5 percent in February, unchanged from January and in line with expectations.
Meanwhile, the report said the core PCE...