Investing.com
- The dollar pushed lower a bucket a month against major currencies on
Wednesday as uncertainty about the timing of the next rate hike US He continued to weigh on the US currency.
The USD / JPY slipped 0.37% to 106.99.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.The EUR / USD rose 0.26% to 1.1387, near three-week highs of 1.1392 on Monday.The dollar fell against the pound and the Swiss franc, with GBP / USD
rose 0.31% to 1.4589 and the USD / CHF declining 0.46% to 0.9609.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
0.23% to 0.7475, near the highs a month of 0.7463 hit overnight, and
the NZD / USD climbing 0.50% to 0.7012.Elsewhere, the USD / CAD fell 0.49% to 1.2673, the lowest since May 3.The
currencies of commodity remained supported as oil prices continued to
rise for the third straight session on Wednesday amid supply weekly data
speculation due later in the session will show crude inventories in the
US fell at a slower pace faster 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 0.26% to 93.59,
the lowest since May 5.
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