Dollar Edges Lower After Consumer-price Index

The dollar appreciated against the euro and the yen Wednesday after official data showed consumer prices declined in August for the first time since the beginning of the year. The CPI decreased by a seasonally adjusted 0.1% last month. Economists polled by MarketWatch had expected no change. The euro rose to $1.1260 from $1.1220 shortly before the data was released. The Dollar weakened to 120.50 yen from 120.70 yen. The pound was little-changed at $1.5452 after the data.