The euro dipped to session lows against the dollar on Friday, after a U.S. consumer prices report reinforced expectations the Federal Reserve will continue to increase interest rates.
U.S. consumer prices rose 0.2 percent in November, meeting Wall Street expectations. Excluding food and energy, prices gained 0.2 percent during the month, after a matching gain in October.
While the rise in prices last month was moderate, analysts said that this is a reminder the Fed is still on a tightening path. Higher interest rates tend to generally boost yields on some dollar-denominated assets, enhancing their appeal to global investors.
The euro slipped to intra-day lows at $1.3228 after release of the report, according to data from around $1.3265 shortly prior to the number.