The U.S. dollar weakened against most major currencies on Wednesday, and it was little changed versus the euro after data showed the euro zone has emerged from recession.

The U.S. Producer Price Index (PPI) for finished goods was unchanged in July on a seasonally adjusted basis, after rising 0.8 percent in June and 0.5 percent in May, the Labor Department reported Wednesday.

Excluding food and energy, the so-called "core" index for finished goods edged up 0.1 percent in July, marking the ninth consecutive increase, the department added.

Low inflation boosted speculations that that the U.S. Federal Reserve is likely to continue its ultra-low interest rates and massive asset purchases to stimulate the economy, and weighed on the dollar.

Meanwhile, the euro stopped losing against the dollar as latest data showed the euro-zone economy emerged from recession after growing 0.3 percent in the second quarter this year, ending a record-long contraction in the past consecutive four quarters.

In late New York trading, the euro fell to 1.3259 dollars from 1.3260 dollars of the previous session and the British pound increased to 1.5506 dollars from 1.5446 dollars. The Australian dollar climbed to 0.9143 dollars from 0.9101 dollars.

The dollar bought 98.14 Japanese yen, lower than 98.23 yen of the previous session. It edged up to 0.9349 Swiss francs from 0. 9333 Swiss francs and went down to 1.0332 Canadian dollars from 1. 0345 Canadian dollars. Endi