India, July 15 -- The U.S. Dollar value edged lower after the U.S. Producer Prices Index came in unexpectedly softer, prompting traders to lower bets on rate hike by the U.S. Federal Reserve. In addition, following U.S. President Donald Trump's announcement that Iran is seeking a meeting with the U.S., safe-haven demand for the dollar lowered with easing war tension.
The U.S. Dollar Index, DXY, which measures the Greenback against a basket of other major currencies was last seen trading at 100.52, down by 0.37 (or 0.37%) today.
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