Investing.com - The dollar edged back up against the other major currencies on Wednesday, after positive U.S. data on durable goods orders, although investors remained cautious over the outcome of a meeting between major oil producers.
The U.S. Commerce Department said that durable goods orders remained unchanged last month, tcompared to expectations for a 1.4% decline. July’s orders were revised down to show an increase of 3.6% from a previously reported 4.4% gain.
Core durable goods orders, which exclude volatile transportation items, dropped 0.4% last month, in line with forecasts.
Meanwhile, hopes for a potential oil production freeze were still crushed following reports on Tuesday that differences between Saudi Arabia and Iran remained too wide to achieve a deal this week.
However, investors were looking to see what comes out of Wednesday’s meeting to measure the odds for a deal at the official OPEC meeting on November 30.
EUR/USD eased 0.08% to 1.1208.
USD/JPY edged up 0.11% to 100.52.
The pound edged lower, with GBP/USD down 0.09% to 1.3011, while USD/CHF was little changed at 0.9710.
The Australian dollar was steady, with AUD/USD at 0.7668, while NZD/USD declined 0.71% to 0.7250.
Elsewhere, USD/CAD added 0.14% to trade at 1.3220, just off the previous session’s six-month high of 1.3281.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.12% at 95.45.