Dollar edges up against euro after U.S. inflation data

Published by
Reuters UK

By John McCrank and Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged higher against the euro on Friday after U.S. producer inflation data for November came in slightly hotter than expected, bolstering the case for continued interest rate hikes by the Federal Reserve even if at a slower pace. U.S. producer prices (PPI) rose 0.3% last month, data showed, above the 0.2% forecast by economist polled by Reuters. While the PPI report showed the underlying trend in inflation was moderating, it heightened concerns among market participants that next week’s consumer price inflation report, which …

Read More