U.S. dollars in Fuyang city, East China's Anhui province on Aug 16, 2023.

The dollar index hit a fresh one-month high on Wednesday after U.S. retail sales data signaled economic strength, dimming expectations for imminent rate cuts from the Federal Reserve.

Retail sales rose 0.6% last month after an unrevised 0.3% gain in November, the Commerce Department's Census Bureau said. Economists polled by Reuters had forecast retail sales gaining 0.4%.