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Reuters, NEW YORK and LONDON
The US dollar on fluctuated, but remained essentially unchanged against a basket of world currencies after two days of gains, as market participants weighed the probability of interest rates rising further and staying there longer than many might have hoped.
The personal consumption expenditures (PCE) price index rose 0.1 percent last month after climbing 0.4 percent in October. In the 12 months through last month, it increased 5.5 percent after advancing 6.1 percent in October.
Excluding the volatile food and energy components, the PCE price index gained 0.2 percent after increasing 0.3 percent in October.
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