The dollar rose to one-month highs against the euro and yen on Wednesday, after U.S. consumer prices data was stronger than expected, hinting the Federal Reserve might hike rates more briskly than previously thought. U.S. February consumer prices rose 0.4 percent, above economists' forecasts for a rise of 0.3 percent in the headline number. Core prices which exclude food and energy rose 0.3 percent, above economists' forecasts for a rise of 0.2 percent.
The euro (EUR=) slipped swiftly to new one-month lows around $1.2984 according to Reuters data from around $1.3036 shortly before the report and down about 0.7 percent from levels late on Tuesday.
Against the yen (JPY=) the dollar rose to one-month highs around 105.84 yen, from around 105.60 yen shortly before the report and up 0.2 percent.