India, April 10 -- The U.S. dollar dropped against its major counterparts in the New York session on Thursday amid rising US-China tensions and softer-than-expected inflation data for March.
Data from the Labor Department unexpectedly showed a slight decrease by consumer prices in the U.S. in the month of March.
The report said the consumer price index edged down by 0.1 percent in March after rising by 0.2 percent in February. Economists had expected consumer prices to inch up by 0.1 percent.
Excluding food and energy prices, the core consumer price index crept up by 0.1 in March after rising by 0.2 percent in February. Core prices were expected to rise by 0.3 percent.
The report also said the annual rate of consumer price growth slowed...