NEW YORK, Sept. 13 (Xinhua) — The U.S. dollar edged up in late trading on Wednesday, after a slightly hotter-than-anticipated consumer price index (CPI) report for August.

The dollar index, which measures the greenback against six major peers, rose 0.06 percent to 104.7727 in late trading.

The U.S. Bureau of Labor Statistics released its latest CPI report on Wednesday. The U.S. headline inflation expanded at a 0.6 percent pace in August from a month ago as market anticipation. Core CPI that excludes volatile oil and food prices rose by 0.3 percent, higher than estimates and July’s 0.2 percent.

The report showed headline inflation grew 3.7 percent in August from a year ago, a pickup from a 3.2 percent increase in July. Rising energy prices fueled the uptick, while underlying price pressures stayed mostly mild.

U.S. stocks advanced and U.S. Treasury yields oscillated within a tight range on Wednesday after the CPI data.

“This was a complicated inflation report, considering price gains are failing to ease by enough for the central bank to abandon its hawkish stance,” said Ed Moya, a senior market analyst at OANDA Corp.

“Today’s uptick in CPI could slightly increase the likelihood of a November interest rate hike and potentially delay the timing of any rate cuts until deeper into 2024,” said Joe Tuckey, head of FX analysis at Argentex Group.

U.S. Treasury yields were range-bound in the wake of the CPI report.

In late New York trading, the euro was unchanged at 1.0732 U.S. dollars, and the British pound rose to 1.2486 U.S. dollars from 1.2485 dollars.

The U.S. dollar bought 147.4540 Japanese yen, higher than 147.1020 Japanese yen of the previous session. The U.S. dollar increased to 0.8934 Swiss francs from 0.8912 Swiss francs, and it was up to 1.3564 Canadian dollars from 1.3556 Canadian dollars. The U.S. dollar increased to 11.1379 Swedish krona from 11.1007 Swedish krona.