Investing.com - The dollar remained broadly lower against the other majors currencies on Wednesday, ahead of the Federal Reserve’s highly-anticipated policy decision due later in the day and as uncertainty over the outcome of the U.S. presidential election continued to weigh.
EUR/USD climbed 0.50% to 1.1112, the highest since October 11.
U.S. payroll processing firm ADP reported on Wednesday that non-farm private employment rose 147,000 last month, below forecasts for an increase of 165,000.
The economy created 202,000 jobs in September, whose figure was upwardly revised from a previously reported increase of 154,000.
Meanwhile, investors remained cautious after the FBI said last Friday that it would review more emails related to Hillary Clinton's private email use while she was secretary of state.
The news sparked fresh uncertainty over Mrs. Clinton’s election prospects ahead of the November 8 vote, amid fears over the implications of a victory for Republican candidate Donald Trump.
Elsewhere, GBP/USD advanced 0.53% to 1.2308.
The pound strengthened after research group Markit said its U.K. construction purchasing managers’ index rose to 52.6 in October from September’s 52.3. Economists had expected the index to tick down to 51.8.
But gains were expected to remain limited as ratings agency Moody’s warned that it could downgrade Britain’s credit rating if Brexit causes U.K. companies to lose access to the EU single market.
Moody’s currently rates the U.K. as Aa1 after a downgrade on June 24, in the immediate aftermath of the EU referendum.
USD/JPY dropped 0.79% to 103.32, while USD/CHF slid 0.47% to 0.9708.
The Australian and New Zealand dollars were stronger, with AUD/USD up 0.22% to 0.7668 and with NZD/USD rallying 1.53% to 0.7294.
Earlier Wednesday, the Australian Bureau of Statistics said that building approvals dropped 8.7% in September, compared to expectations for a 3.0% slide and after a 1.8% fall the previous month.
At the same time, the Reserve Bank of New Zealand said its inflation expectations for the next two years remained unchanged at 1.7% in the third quarter.
Meanwhile, USD/CAD was little changed at 1.3379.
The loonie erased earlier gains as oil prices plunged after data showed that crude supplies in the U.S. rose by the most since at least 1984 last week.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.51% at 97.26, the lowest since October 11.