Dollar edges higher against euro after US inflation data

On Friday, the U.S. dollar experienced a slight increase against key currencies following the release of inflation data, which suggested higher consumer prices and potentially signaled an upcoming interest rate hike by the Federal Reserve. According to Labor Department figures, the U.S. consumer price index rose 0.4% in August, building on a 0.1% increase in July.

Over the course of a year, consumer inflation grew by 3.4% from July's same rate. The dollar initially rose against the euro and Swiss franc but later retraced some of those gains. The euro saw a 0.07% decline, trading at $1.1602, while the dollar strengthened by 0.2% to 0.814 against the Swiss franc.