Investing.com - The dollar was little changed against the other major currencies in light trade on Friday, after the release of tepid U.S. data as investors remained cautious ahead of the Federal Reserve's highly anticipated policy meeting next week.
During European afternoon trade, EUR/USD edged down 0.08% to 1.3743.
Official data showed that U.S. producer price inflation fell 0.1% last month, in line with expectations, after a 0.2% decline in October.
Core producer price inflation, which excludes food and energy, rose 0.1% in November, as expected, after a 0.2% increase the previous month.
The data did little to alter expectations that the Fed could begin tapering its USD85 billion a month asset purchase program at its policy meeting scheduled for December 17-18.
Meanwhile, demand for the euro remained mildy supported as expectations for further monetary easing by the European Central Bank dimmed after the bank left monetary policy unchanged at its meeting this month, following a surprise rate cut in November.
The pound was lower against the dollar, with GBP/USD down 0.34% to 1.6294.
Elsewhere, the greenback was lower against the yen, with USD/JPY down 0.17% to 103.20 and steady against the Swiss franc, with USD/CHF dipping 0.01% to 0.8891.
In Switzerland, official data earlier showed that producer price inflation fell 0.1% in November, less than the expected 0.2% decline, after a 0.4% drop the previous month.
On a yearly basis, Swiss producer price inflation fell 0.4% last month, compared to expectations for a 0.5% decline.
The greenback was mixed against the Australian, New Zealand and Canadian dollars, with AUD/USD up 0.10% to 0.8947, NZD/USD easing 0.08% to 0.8243 and USD/CAD up 0.03% to 1.0642.
The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.06% to 80.22.
During European afternoon trade, EUR/USD edged down 0.08% to 1.3743.
Official data showed that U.S. producer price inflation fell 0.1% last month, in line with expectations, after a 0.2% decline in October.
Core producer price inflation, which excludes food and energy, rose 0.1% in November, as expected, after a 0.2% increase the previous month.
The data did little to alter expectations that the Fed could begin tapering its USD85 billion a month asset purchase program at its policy meeting scheduled for December 17-18.
Meanwhile, demand for the euro remained mildy supported as expectations for further monetary easing by the European Central Bank dimmed after the bank left monetary policy unchanged at its meeting this month, following a surprise rate cut in November.
The pound was lower against the dollar, with GBP/USD down 0.34% to 1.6294.
Elsewhere, the greenback was lower against the yen, with USD/JPY down 0.17% to 103.20 and steady against the Swiss franc, with USD/CHF dipping 0.01% to 0.8891.
In Switzerland, official data earlier showed that producer price inflation fell 0.1% in November, less than the expected 0.2% decline, after a 0.4% drop the previous month.
On a yearly basis, Swiss producer price inflation fell 0.4% last month, compared to expectations for a 0.5% decline.
The greenback was mixed against the Australian, New Zealand and Canadian dollars, with AUD/USD up 0.10% to 0.8947, NZD/USD easing 0.08% to 0.8243 and USD/CAD up 0.03% to 1.0642.
The U.S. dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.06% to 80.22.