Dollar slips lower amid U.S. rate hike uncertainty

Investing.com - The dollar slipped lower against major currencies on Wednesday, as uncertainty about the timing of the next rate hike US He continued to weigh on the dollar.USD / JPY fell 0.27% to 107.07.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 0.11% to 1.13708, near three-week highs of 1.1392 on Monday.The dollar was steady against the pound, with GBP / USD at 1.4539 and down against the Swiss franc, with USD / CHF shedding 0.23% to 0.9632.The National Bureau of Statistics of UK had previously said 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 Australian dollar was weaker, with AUD / USD down 0.20% to 0.7443, compared with one month highs hit 0.7463 overnight, while NZD / USD adding 0.17% to 0, 6989.Elsewhere, the USD / CAD fell 0.18% to 1.2714, the lowest since May 4.The Canadian dollar-related commodities 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 rate 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 0.13% to 93.72, the lowest since May 11.