The US dollar hit a three-week low against the euro and a more than one-month low against the yen on Wednesday after weak US economic data on retail sales and producer prices heightened concerns that the Federal Reserve would delay its first rate hike. Commerce Department data showed US retail sales dropped 0.3 percent in September, while the Labour Department said prices received by US producers fell 0.1 percent in September, the first decline in more than a year.
The euro was last up 1 percent against the dollar at $1.2783, just below a three-week high of $1.2885 hit earlier in the session. The dollar was last down 1 percent against the yen at 106.03 yen after hitting a more than one-month low of 105.21 yen earlier in the session.
The dollar was last down 0.91 percent against the Swiss franc at 0.9448 franc after hitting a three-week low of 0.9361 franc earlier in the session. The dollar index, which measures the greenback against a basket of six major currencies, was last down 0.75 percent at 85.181.
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