Forex Pros – The U.S. dollar was broadly lower against its major rivals on Wednesday, following the release of worse than-expected U.S. data on consumer price inflation and building permits. During European afternoon trade, the greenback was down against the euro, with EUR/USD edging up 0.08% to hit 1.3502. Late Tuesday, euro zone finance ministers agreed that a team from the European Commission, the International Monetary Fund and the European Central Bank could begin to examine what measures would be needed if Dublin decided to seek a bailout. The greenback was also down against the pound and the Swiss franc, with GBP/USD climbing 0.12% to hit 1.5905 and USD/CHF shedding 0.19% to hit 0.9938. Earlier Wednesday, official data showed that the U.K.’s claimant count change fell unexpectedly in October. But the greenback was up the yen, with USD/JPY gaining 0.02% to hit 83.31. Elsewhere the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.12% to hit 1.0210, AUD/USD advancing 0.14% to hit 0.9781 and NZD/USD rising 0.05% to hit 0.7681. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.04%. Earlier in the day, official U.S. data showed that core consumer price inflation, which excludes food and energy costs was unexpectedly flat in October while CPI rose less-than-expected. Meanwhile, a separate report showed that building permits were unexpectedly unchanged in October while housing starts rose less-than-expected.

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