Dollar hits new lows a month in quiet trade

Investing.com - The dollar fell to a fresh one-month low against major currencies in quiet trade on Wednesday, as uncertainty over the timing of the next rate hike US He continued to dampen demand for the dollar.The USD / JPY down 0.54% to 106.80.Sentiment on the dollar remains fragile after Federal Reserve President Janet Yellen said on Monday that the US central bank will not raise interest rates until the uncertainty about the economic outlook is resolved.Yellen said he expects economic recovery to continue, but gave no indication of the date of an upcoming rate increase.EUR / USD gained 0.38% to three weeks new highs 1.1401.The dollar fell against the pound and the Swiss franc, with GBP / USD rose 0.13% to 1.4562 and the USD / CHF retreating 0.63% to 0.9592.The pound strengthened after the UK Office for National Statistics said earlier that industrial production rose 2.0% in April, following a 0.3% increase in March, the biggest monthly increase since July 2012.Manufacturing output rose 2.3% after a 0.1% increase in March, which was also the fastest monthly increase since July 2012.Pound gains were held in check, however, amid continued uncertainty over whether Britain will remain in the European Union or in a referendum on 23 June.The dollars of Australia and New Zealand were stronger, with AUD / USD rose 0.17% to a maximum of one month of 0.7471 and NZD / USD up 0.60% to 0.7019.Elsewhere, the USD / CAD fell 0.45% to 1.2681, the lowest since May 3.Statistics Canada reported Wednesday that building permits fell 0.3% in April, disappointing expectations for a 1.5% increase.The data also showed that Canadian housing starts rose by 188,600 units last month, compared to expectations of an increase of 190,000 in May.Moreover, the commodity currencies remained supported as oil prices moved sharply higher after data showed that crude supplies in the US They fell more than expected last week.The US dollar index, which measures the strength of the greenback against a trade-weighted basket of six major currencies, was down 0.42% to 93.44, the lowest since