Dollar Falls After Disappointing Retail Sales, PPI Data

The dollar declined against its main rivals Wednesday after a raft of disappointing economic data dampened expectations for a Federal Reserve interest-rate increase this year. Retail sales rose by just 0.1% in September after showing no change in August, matching expectations from economists polled by MarketWatch. But the rebound wasn't significant enough to reassure investors that a rate hike might happen this year. U.S. producer prices fell by a seasonally adjusted 0.5% in September, outpacing a forecast for a 0.2% decline from a MarketWatch survey. The euro rose to $1.1442 from $1.1405 shortly before the data. The dollar fell to 119.32 yen from 119.65 yen. The British pound rose to $1.5412 from $1.5390. The Fed's interest rate-setting committee is set to meet twice more this year -- in October and December. Fed Chairwoman Janet Yellen has said that both meetings are "live" --meaning a rate hike could happen at either meeting. The Fed hasn't raise interest rates since 2006.

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