NEW YORK, Sept. 14 (Xinhua) -- The U.S. dollar held losses on Thursday, as investors were digesting strong inflation data.
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 Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in August on a seasonally adjusted basis, the Labor Department reported Thursday.
Over the last 12 months, consumer prices rose 1.9 percent. The 12-month change in the index for all items less food and energy remained at 1.7 percent for the fourth month in a row, according to the report.
Wall Street has kept close eye on the inflation data as they might indicate the Federal Reserve's next move.
Market expectations for a Fed rate hike in December increased to 52.9 percent from 41.3 percent after the data were released, according to the CME Group's FedWatch tool.
The dollar index, which measures the greenback against six major peers, was down 0.47 percent at 92.087 in late trading.
Meanwhile, the Labor Department said in a separate report that in the week ending September 9, the advance figure for seasonally adjusted new U.S. jobless claims was 284,000, down 14,000 from the previous week's unrevised level of 298,000.
The four-week moving average was 263,250, an increase of 13,000 from the previous week's unrevised average of 250,250. This is the highest level for this average since August 13, 2016 when it was 263,250, according to the report.
In late New York trading, the euro increased to 1.1918 dollars from 1.1885 dollars in the previous session, and the British pound increased to 1.3400 dollars from 1.3202 U.S. dollars in the previous session. The Australian dollar increased to 0.7990 dollar from 0.7984 dollar.
The dollar bought 110.53 Japanese yen, slightly higher than 110.51 yen of the previous session. The U.S. dollar lost to 0.9642 Swiss franc from 0.9647 Swiss franc, and it was down to 1.2187 Canadian dollars from 1.2199 Canadian dollars. Enditem
