The U.S. dollar declined on Wednesday as investors digested latest economic data and assessed the consequences of U.S. quitting the Iran nuclear deal.

On the economic front, the Producer Price Index for final demand rose 0.1 percent in April, seasonally adjusted, missing market consensus of a 0.3-percent gain, the U.S. Labor Department reported Wednesday.

U.S. President Donald Trump on Tuesday said that the United States will withdraw from the Iran nuclear deal, a landmark agreement signed in 2015.

In a televised speech, Trump announced the exit, adding he will not sign the waiver of nuke-related sanctions against Iran.

Some analysts said the news boosted safe-haven buying.

The dollar index, which measures the greenback against six major peers, was down 0.07 percent at 93.054 in late trading.

In late New York trading, the euro was up to 1.1861 dollars from 1.1860 dollars in the previous session, and the British pound was up to 1.3556 dollars from 1.3538 U.S. dollars in the previous session. The Australian dollar increased to 0.7464 dollar from 0.7449 dollar.

The U.S. dollar bought 109.71 Japanese yen, higher than 108.98 Japanese yen of the previous session. The U.S. dollar rose to 1.0048 Swiss franc from 1.0018 Swiss franc, and it decreased to 1.2843 Canadian dollars from 1.2957 Canadian dollars.