Investing.com - The dollar remained lower against other major currencies on Wednesday, as fresh tensions between the U.S. and North Korea overshadowed the previous session's upbeat U.S. data.
Markets were jittery after North Korea said it had successfully launched a new type of intercontinental ballistic missile that it claimed was capable of reaching the U.S. mainland.
In reponse, President Donald Trump said. "It is a situation that we will handle."
The greenback had regained some footing after data on Tuesday showed that U.S. consumer confidence approached a 17-year high this month.
Investors were also encouraged by the fact that the U.S. Senate Budget Committee approved President Donald Trump's tax bill. A full Senate vote of the bill could now take place as soon as Thursday.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.15% at 93.06 by 05:15 a.m. ET (09:15 GMT).
EUR/USD rose 0.24% to 1.1867, while GBP/USD advanced 0.40% to trade at 1.3399 after data earlier showed that UK consumer credit growth cooled to an 18-month low in October.
Elsewhere, the yen and the Swiss franc were steady, with USD/JPY at 111.47 and with USD/CHF at 0.9836.
The Australian dollar was weaker, with AUD/USD down 0.14% at 0.7584, while NZD/USD gained 0.33% to 0.6920.
Meanwhile, USD/CAD added 0.12% to trade at 1.2834.