The dollar held near its highest levels of the past week and the yen slipped for a second day at the start of Asian trading on Friday as renewed fears of energy supply disruptions in the Middle East pushed up bond yields and oil prices.
Florence Lo | Reuters
The U.S. dollar edged higher against major peers on Friday after closely watched inflation data showing higher consumer prices reinforced expectations of a Federal Reserve interest rate increase next week.
Labor Department data showed that the U.S. consumer price index increased 0.4% in August after edging up 0.1% in July. In the 12 months through August, consumer inflation advanced 3.4% after rising by the same margin in July.
The dollar rose broadly against the euro and Swiss franc before giving back some of those gains immediately after the data.
The euro was down 0.07% at $1.1602. The dollar strengthened 0.2% to 0.814 against the Swiss franc.
