Dollar slips after weak data

The US dollar inched lower against most currencies on Wednesday, following the release of weak economic data.

Data showed that the US industrial production index rose 0.4% during the August, slightly lower than forecasts of 0.5%.

The CPI reading yesterday showed the largest slowdown in 6 month, which increased uncertainty about the Federal Reserve's next move.

The data increased uncertainty about the Federal Reserve's next move, especially about reducing the asset purchase program due to rising inflation and improving economic conditions.

The dollar index fell against a basket of major currencies by less than 0.1% to 92.5 points as of 17:49 GMT, after hitting a high of 92.6 points and a low of 92.4 points.