Investing.com - The dollar remained moderately lower against the other major currencies on Wednesday, as investors continued to lock in profits on the greenback's recent upward trend and as trading volumes were to remain thin in the absence of any major U.S. economic reports.
The dollar found support on Tuesday after the Conference Board said its index of consumer confidence rose to 92.4 this month, the highest since October 2007, from a reading of 90.3 in July.
The data fuelled further optimism over the strength of the U.S. economic recovery.
EUR/USD rose 0.30% to 1.3207.
The euro found support after German Finance Minister Wolfgang Schauble said comments by European Central Bank President Mario Draghi Draghi’s comments on possibly easing austerity policies have been "over-interpreted."
Schauble's remarks came after Mr. Draghi said at Jackson Hole last week that the central bank is ready to take more unconventional action if needed to stimulate a sluggish euro zone economy.
Earlier Wednesday, data showed that the Gfk German consumer climate index fell to 8.6 this month, from a reading of 9.0 in July. Analysts had expected the index to remain unchanged in August.
The pound rose against the dollar, with GBP/USD up 0.35% to 1.6598.
The dollar was lower against the yen and the Swiss franc, with USD/JPY slipping 0.12% to 103.93 and with USD/CHF shedding 0.36% to 0.9142.
Meanwhile, AUD/USD rose 0.35% to 0.9339 and NZD/USD gained 0.46% to 0.8372, while USD/CAD retreated 0.58% to 1.0889.
Official data earlier showed that construction work done in Australia fell by 1.2% in the second quarter, after a 0.4% fall in the first quarter whose figure was revised from a previously estimated 0.3% rise.
Analysts had expected construction work done to decline by 0.3% in the last quarter.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, was fell 0.31% to 82.44.