Forex Pros – The U.S. dollar was down against its major counterparts on Wednesday, as the Federal Reserve prepared to publish the minutes of its most recent policy setting meeting.
During European morning trade, the greenback was down against the euro, with EUR/USD climbing 0.46% to hit 1.3548.
The greenback was also down against the pound, with GBP/USD rising 0.17% to hit 1.6153.
Elsewhere, the greenback was down against the yen and the Swiss franc, with USD/JPY slipping 0.12% to hit 83.66 and USD/CHF shedding 0.46% to hit 0.9624.
The Swissie’s gains came after the head of the Swiss National Bank, Philipp Hildebrand, said that the bank had to start normalizing interest rates sooner or later if its latest inflation forecast materialized.
Meanwhile, the greenback was down against its Canadian, Australian and New Zealand counterparts, with USD/CAD shedding 0.29% to hit 0.9867, AUD/USD rising 0.34% to hit 0.9999 and NZD/USD climbing 0.37% to hit 0.7545.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.42%.
Also Wednesday, the U.S. was to publish official data on producer price inflation, as well as reports on building permits, housing starts and industrial production.
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