The U.S. dollar rose on Wednesday, as investors digested the newly-released producer price index.
The seasonally adjusted Producer Price Index for final demand advanced 0.2 percent in August, said U.S. Labor Department in a report on Wednesday.
The index for final demand less foods, energy, and trade services increased 0.2 percent in August following no change in July. For the 12 months ended in August, prices for final demand less foods, energy, and trade services rose 1.9 percent, according to the report.
The dollar index, which measures the greenback against six major peers, was up 0.62 percent at 92.453 in late trading.
Meanwhile, investors also awaited Consumer Price Index (CPI) due on Thursday. The data could affect Fed officials' decision on U.S. monetary policy.
Expectations for tighter monetary policy in the United States have been dampened recently. Market expectations for a rate hike in December are 41.1 percent, according to the CME Group's FedWatch tool.
In late New York trading, the euro decreased to 1.1885 dollars from 1.1967 dollars in the previous session, and the British pound decreased to 1.3202 dollars from 1.3289 U.S. dollars in the previous session. The Australian dollar decreased to 0.7984 dollar from 0.8026 dollar.
The dollar bought 110.51 Japanese yen, higher than 110.03 yen of the previous session. The U.S. dollar rose to 0.9647 Swiss franc from 0.9599 Swiss franc, and it was up to 1.2199 Canadian dollars from 1.2166 Canadian dollars.
The seasonally adjusted Producer Price Index for final demand advanced 0.2 percent in August, said U.S. Labor Department in a report on Wednesday.
The index for final demand less foods, energy, and trade services increased 0.2 percent in August following no change in July. For the 12 months ended in August, prices for final demand less foods, energy, and trade services rose 1.9 percent, according to the report.
The dollar index, which measures the greenback against six major peers, was up 0.62 percent at 92.453 in late trading.
Meanwhile, investors also awaited Consumer Price Index (CPI) due on Thursday. The data could affect Fed officials' decision on U.S. monetary policy.
Expectations for tighter monetary policy in the United States have been dampened recently. Market expectations for a rate hike in December are 41.1 percent, according to the CME Group's FedWatch tool.
In late New York trading, the euro decreased to 1.1885 dollars from 1.1967 dollars in the previous session, and the British pound decreased to 1.3202 dollars from 1.3289 U.S. dollars in the previous session. The Australian dollar decreased to 0.7984 dollar from 0.8026 dollar.
The dollar bought 110.51 Japanese yen, higher than 110.03 yen of the previous session. The U.S. dollar rose to 0.9647 Swiss franc from 0.9599 Swiss franc, and it was up to 1.2199 Canadian dollars from 1.2166 Canadian dollars.
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