The U.S. dollar edged higher in early European hours Wednesday, bouncing from a 15-month low, while sterling slumped after weaker-than-expected U.K. inflation data.At 02:55 ET (06:55 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.2% higher at 99.858, after falling Tuesday as low as 99.362, its lowest since April 2022.The dollar bounced overnight after the release of U.S. retail sales data for June. Although the headline figure rose less than expected in June, the May number was revised higher, and core sales showed more resilience, suggesting continued consumer resilience.The release did not change expectations that the Federal Reserve would resume raising interest rates this month after keeping them unchanged in June. Investing.com