By SPA
Berlin : The euro fell against the U.S. dollar on Wednesday, as traders anticipated the release of new economic data from the U.S. later today, including on inflation.
According to Ap, in morning European trading, the euro bought US$1.4717, down from the US$1.4732 it bought late Tuesday in New York trading.
The US data, which is expected to give a better idea of how the American economy is faring, will include housing starts and the January consumer price index.
Also on Wednesday, the U.S. Federal Reserve will release its minutes from its January Federal Open Market Committee meeting, details that could proffer more clues about whether U.S. interest rates will continue to be cut.
The dollar rose slightly against the yen, to purchase 107.67 Japanese yen, up from 107.60 yen on Tuesday, and the British pound fell to US$1.9460 from US$1.9491 on Tuesday.