The dollar slipped lower against other major currencies on Wednesday, as uncertainty during the Trump administration’s policies resurfaced amid ongoing geopolitical tensions worldwide.
EUR / USD eased up 0. 10% to 1. 0614.
Sentiment upon the greenback was fragile amid political uncertainty inside the U. S. after President Donald Trump said he wishes to tackle healthcare reform before implementing new tax policy.
Meanwhile, U. S. Secretary of State Rex Tillerson was expected in Moscow on Wednesday where he was set to satisfy with his Russian counterpart Sergey Lavrov to debate Ukraine, counterterrorism, bilateral relations along with other issues, including the Korean Peninsula and Syria.
Earlier inside the week, a U. S. Navy strike group was sent toward the western Pacific – a force U. S. President Donald Trump described being an armada.
North Korean state media warned on Tuesday of the nuclear attack upon the U. S. at any sign of American aggression.
Elsewhere, GBP / USD added 0. 17% to 1. 2511 following the U. K. Office for National Statistics said the unemployment rate remained unchanged at an 11-year low of 4. 7% in February, in line with expectations.
The claimant count unexpectedly increased by 25, 500 in March, when compared with expectations for any decline of 3, 000.
Meanwhile, the typical earnings index rose 2. 3% inside the three months to February, when compared with forecasts for a rise of 2. 2%. Excluding bonuses, wages rose by 2. 2%, beating forecasts for any 2. 1% gain.
USD / JPY was almost unchanged at 109. 55, while USD / CHF slipped 0. 24% to 1. 0053.
The Australian and New Zealand dollars were weaker, with AUD / USD down 0. 08% at 0. 7493 with NZD / USD declining 0. 46% to 0. 6928.
Meanwhile, USD / CAD dropped 0. 43% to trade with a two-week low of 1. 3269 following the Bank of Canada left the benchmark interest rate unchanged at 0. 5%, inside a widely expected move.
The U. S. dollar kurs, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0. 14% at 100. 49, the bottom since April 7.