Dollar slips against euro ahead of US inflation data

NEW YORK (May 17): The dollar edged down against the euro Monday in profit taking after recent gains, as traders awaited a key US inflation report on consumer prices.

"More than anything, I think it's a little bit of profit taking," said Omer Esiner of Commonwealth Foreign Exchange, citing a quiet day in economic news.

Last week, the dollar climbed to a two-week high "in the wake of some relatively strong data, particularly Friday's retail sales number," he said.

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