Investing.com – The U.S. dollar continued to edge forward on Wednesday amid speculation about who the next Federal Reserve Chair will be.
The U.S. dollar index, which measures the greenback against a basket of six other major currencies, rose 0.10% to 93.45 as of 11:32 AM ET (4:32 PM GMT).
U.S. President Donald Trump said Tuesday he will choose a Federal Reserve head, before he leaves for Asia on November 3. The shortlist includes current Fed Chair Janet Yellen, who is due to meet with Trump on Thursday; Fed governor Jerome Powell; former Fed governor Kevin Warsh; Trump's top economic adviser Gary Cohn and Stanford University economist John Taylor.
Taylor is thought to be the favoured candidate and is more hawkish then Yellen, whose term expires in February.
Meanwhile U.S. housing starts fell to a one-year low in September due to Hurricane Harvey and Irma.
The pound continued to fall after a UK jobs report showed that wage growth was still behind inflation, with GBP/USD decreasing 0.09% to 1.3177.
The pound was also lower against the Euro, with EUR/GBP falling 0.11% to 0.8931.
The dollar fell against the loonie after upbeat Canadian manufacturing data, with USD/CAD falling 0.26% to 1.2490.
The greenback was holding against other currencies, with USD/JPY up 0.70% to 112.98 and EUR/USD little changed at 1.1768.