The US Dollar is rising, traders are digesting US data.

The US dollar edged up slightly as traders continued to digest Wednesday's US retail sales and producer price data, and awaited other economic indicators. Retail sales in November increased by 0.6%, higher than expected. The producer price index rose by 0.2% month-on-month in November, with the year-on-year increase rising from 2.8% in October to 3.0%. Analysts at Danske Bank stated in a report that the retail sales data suggests that consumer spending remains strong heading into the end of the year. They also noted that the PPI data indicates inflation has not peaked yet, and consumer price increases may accelerate soon. Thursday's data includes the weekly initial jobless claims and the Empire State Manufacturing Survey, to be released at 1:30 GMT. The DXY US dollar index rose by 0.1% to 99.18.