Investing.com - The dollar slipped lower against the other majors currencies on Thursday, but was still hovering close to a 14-year high as expectations for more U.S. rate hikes continued to support.
Trading volumes were expected to be thin this week as trader were beginning to unwind positions ahead of the Christmas holiday.
EUR/USD rose 0.30% to 1.0457, off Tuesday’s fresh 14-year low of 1.0349.
The greenback remained broadly supported after the Federal Reserve concluded its policy meeting last week by raising interest rates by 25 basis points and projected three more rate hikes for 2017.
Market participants were looking ahead to U.S. reports on jobless claims, durable goods orders, personal spending and economic growth due later in the day.
Elsewhere, GBP/USD edged down 0.13% to 1.2336, still close to Tuesday’s one-month low of 1.2310.
USD/JPY was little changed at 117.55, while USD/CHF shed 0.21% to 1.0247.
The Australian dollar was weaker, with AUD/USD down 0.29% at 0.7212, while NZD/USD added 0.13% to 0.6906.
Meanwhile, USD/CAD gained 0.34% to trade at 1.3457.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.16% at 102.88, just off Tuesday’s fresh 14-year highs of 103.62.