Investing.com - The dollar eased against the other major currencies in subdued trade on Wednesday, as investors awaited the release of U.S. housing sector data due later in the day after comments by Federal Reserve officials sparked uncertainty over future interest rate hikes.
EUR/USD edged up 0.09% to 1.1144.
The U.S. dollar found support by hawkish remarks made on Monday by New York Fed president William Dudley, who reinforced expectations for the Fed to keep raising interest rates.
However, Chicago Fed president Charles Evans did deliver a more dovish outlook after the market close on Monday, suggesting that it may be worthwhile for the U.S. central bank to wait until year-end to decide whether to raise rates again.
GBP/USD climbed 0.54% to trade at 1.2697 after the U.K. Office of National Statistics said public sector net borrowing rose by £5.99 billion in May, compared to expectations for an increase of £7.00 billion.
Public sector net borrowing rose £8.68 billion in April, whose figure was revised from a previously estimated gain of £9.65 billion.
Elsewhere, USD/JPY was little changed at 111.52, while USD/CHF held steady at 0.9743.
The Australian and New Zealand dollars were weaker, with AUD/USD down 0.28% at 0.7561 and with NZD/USD slipping 0.10% to 0.7234.
Meanwhile, USD/CAD added 0.09% to trade at 1.3280.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.09% at 97.31.