The dollar extended its weakness on Wednesday after tumbling from a two-week high, as softer-than-expected inflation data curbed bets on a near-term Federal Reserve rate hike, despite concerns that elevated oil prices could fuel inflation risks.
Against the yen, the dollar fetched 162.08, down 0.1%. The euro and the British pound each gained 0.1%, trading at $1.1433 and $1.3401, respectively.
