Investing.com - The dollar moved lower against the other major currencies on Wednesday, as investors remained cautious following recent U.S. data and eyed upcoming reports on U.S. housing sector activity.
EUR/USD edged up 0.17% to 1.09978, still close to Monday’s more than two-month low of 1.0961.
Investors remained cautious after the U.S. Commerce Department said the consumer price index rose 0.3% in September, in line with expectations.
Year-on-year, consumer prices increased 1.5% last month, also in line with forecasts. That was its highest reading since October 2014.
Sentiment on the U.S. dollar was also fragile after Federal Reserve Vice Chairman Stanley Fischer said on Monday that economic stability could be threatened by low interest rates, but it was "not that simple" for the Fed to raise rates.
GBP/USD added 0.16% to 1.2318, the highest since October 11, after the U.K. Office of National Statistics said the unemployment rate remained steady at 4.9% between June and August, an almost eleven year low.
The number of people claiming unemployment benefits rose by just 700 to 776,400 in September, the ONS said.
Wage growth in the June to August period remained largely steady, the report showed.
The jobs report came one day after official data showing that the cost of living in the U.K. rose at the fastest rate in 22 months in September.
USD/JPY slid 0.37% to 103.46, while USD/CHF edged down 0.15% to 0.9883.
The Australian and New Zealand dollars were stronger, with AUD/USD up 0.21% at 0.7683 and with NZD/USD gaining 0.32% to 0.7213.
Meanwhile, USD/CAD fell 0.16% to trade at 1.3091.
The commodity-related loonie was lifted by rising oil prices on Wednesday, after the Organization of the Petroleum Exporting Countries said in a statement that a planned production cut was achievable.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.19% at 97.69, pulling away from Monday’s seven-month high of 98.15.