U.S. dollar rebounds amid Fed Beige Book, economic data

The U.S. dollar rose against other major currencies on Wednesday as investors digested the Federal Reserve's Beige Book amid a batch of economic reports.

According to the Beige Book released in the afternoon, reports from the twelve Federal Reserve Districts indicated that the economy continued to expand at a modest pace across most regions from late November through the end of the year.

On the economic front, the Consumer Price Index (CPI) for all urban consumers increased 0.3 percent in December on a seasonally adjusted basis, in line with market consensus, the U.S. Labor Department reported Wednesday.

Over the last 12 months, the all items index rose 2.1 percent before seasonal adjustment.

Meanwhile, U.S. industrial production rose 0.8 percent in December after falling 0.7 percent in November, the Fed said Wednesday.

The dollar index, which measures the greenback against six major peers, jumped 0.64 percent at 100.97 in late trading Wednesday.

In late New York trading, the euro fell to 1.0662 dollars from 1.0707 dollars in the previous session, and the British pound lost to 1.2282 dollars from 1.2395 U.S. dollars in the previous session. The Australian dollar decreased to 0.7533 dollar from 0.7562 dollar.

The U.S. dollar bought 113.67 Japanese yen, lower than 112.66 yen of the previous session. The U.S. dollar rose to 1.0047 Swiss francs from 1.0025 Swiss francs, and it moved up to 1.3244 Canadian dollars from 1.3053 Canadian dollars. Enditem