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US Commerce Department data showed that the Personal Consumption Expenditures Price Index, the Fed's preferred inflation gauge, rose 0.3% last month. Economists polled by Reuters had forecast an increase of 0.4%. The dollar has been strengthening in tandem with rising US Treasury yields on growing expectations of more Fed rate hikes amid inflation driven by higher oil prices. But the dollar pared recent gains against the euro following the data while US Treasury yields fell across the board, with the 2-year note yield, which typically moves in step with Fed rate expectations, down 5.82 basis points to 4.831%. The euro rose 0.19% to $1.1361. The single currency is still headed for a monthly loss against the dollar after two consecutive months of gains. The dollar also weakened 0.31% to 156.79 yen and was down 0.05% versus the Swiss franc. The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, fell 0.23% to 101.17. It is still headed for a monthly gain in September, snapping two straight months of losses. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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