Investing.com - The dollar remained broadly higher against the other major currencies on Friday, as markets awaited a highly anticipated speech by Federal Reserve Chair Janet Yellen later in the day and investors continued to monitor developments in Ukraine.
Investors were looking ahead to the second day of the Fed's annual meeting of top central bankers and economists in Jackson Hole, Wyoming, for further indications on future policy moves.
The spotlight will be on Fed Chair Janet Yellen, who will speak later Friday in her first appearance at Jackson Hole as head of the U.S. central bank.
On Wednesday, the minutes of the Fed’s July meeting showed that some officials believe the strengthening recovery and ongoing improvement in the labor market supports a move towards tightening monetary policy.
EUR/USD hit fresh 11-month lows, shedding 0.26% to 1.3245.
Investors remained cautious after Ukraine declared on Friday that Russia had launched a "direct invasion" of its territory after Moscow sent a convoy of aid trucks across the border into eastern Ukraine where pro-Russian rebels are fighting government forces.
The pound held steady, close to four-and-a-half month lows, with GBP/USD at 1.6578.
The dollar edged higher against the yen and the Swiss franc, with USD/JPY up 0.13% to 103.98 and with USD/CHF rising 0.26% to 0.9140.
Meanwhile, AUD/USD edged up 0.09% to 0.9309 and NZD/USD inched 0.04% higher to 0.8410, while USD/CAD eased up 0.05% to 1.0945.
Official data earlier showed that consumer price inflation in Canada fell 0.2% last month, compared to expectations for a 0.1% downtick, after a 0.1% rise in June.
Core CPI, which excludes the eight most volatile items, slipped 0.1% in July, confounding expectations for a flat reading, after a 0.1% dip the previous month.
A separate report showed that retail sales in Canada rose 1.1% in June, exceeding expectations for a 0.6% gain, after a 0.9% rise in May, whose figure was revised from a previously estimated 0.7% increase.
Core retail sales, which exclude automobiles, climbed 1.5% in June, more than the expected 0.4% rise, after a 0.3% gain in May whose figure was revised from a previously estimated 0.1% uptick.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.20% at 82.41, close to Thursday's 11-month high of 82.42.