The dollar edged lower against the euro and the yen Wednesday after data showed U.S. consumer prices fell in August for the first time since the beginning of 2015.The euro EURUSD, +0.0797% traded at $1.1284, up 0.11% from $1.1272, its level late Tuesday in New York. The dollar USDJPY, -0.03% traded at ¥120.60 versus the Japanese currency, up 0.13% from its Tuesday close.
The ICE U.S. Dollar index DXY, -0.07% a measure of the dollar’s strength against a basket of six rival currencies, was down 0.27% to 95.34.
One notable exception was the British pound, which soared against the dollar and the euro after U.K. labor data came in much stronger than forecast. The British currency GBPUSD, +0.0710% recently traded at $1.5491, its highest level in nearly three weeks, up 0.96% from $1.5346 late Tuesday in New York.
The loonie CADUSD, -0.0152% rose to 75.88 U.S. cents, up 0.5% from 75.50 cents late Tuesday in New York.
The Russian ruble RUBUSD, +0.192034% was the best-performing currency, benefiting in part from a jump in oil prices. It was recently trading at 65.37 rubles to the dollar, up 2.2% from 66.81 rubles to the dollar late Tuesday. The Malaysian ringgit and the South African rand also strengthened.
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