US dollar slightly lower against yen, euro, after producer price data
Bogdan Hofbauer
NEW YORK : The U.S. dollar was marginally down against the yen and euro on Wednesday after data showed producer prices unexpectedly fell in August, cementing expectations that the Federal Reserve will resume cutting interest rates later this month. The dollar was slightly down against the yen at 147.37 following the data, while the euro turned marginally higher at $1.1714. Before the data, the U.S. currency was trading moderately up on the day against both currencies. A Labor Department report
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