U.S. dollar declines amid geopolitical tensions

NEW YORK, April 11 (Xinhua) -- The U.S. dollar index dropped on Wednesday amid rising geopolitical tensions in the Middle East.

U.S. President Donald Trump tweeted on Wednesday morning, saying Russia should get ready for missile attacks against Syria.

Analysts said the tweet increased market appetite for safe-haven assets. The greenback dropped over 0.4 percent against Japanese Yen, a traditional safe-haven currency.

On the economic front, U.S. consumer prices fell for the first time in 10 months in March.

The Consumer Price Index for All Urban Consumers decreased 0.1 percent in March on a seasonally adjusted basis after rising 0.2 percent in February, the Labor Department reported Wednesday.

The index for all items less food and energy increased 2.1 percent in March on an annualized basis, in line with market expectations.

The dollar index, which measures the greenback against six major peers, decreased 0.02 percent at 89.569 in late trading.

In late New York trading, the euro rose to 1.2365 dollars from 1.2358 dollars in the previous session, and the British pound decreased to 1.4176 dollars from 1.4181 U.S. dollars in the previous session. The Australian dollar was down to 0.7757 dollar from 0.7766 dollar.

The U.S. dollar bought 106.91 Japanese yen, lower than 107.19 Japanese yen of the previous session. The U.S. dollar was up to 0.9580 Swiss franc from 0.9567 Swiss franc, and it fell to 1.2578 Canadian dollars from 1.2592 Canadian dollars. Enditem