The U.S. dollar decreased after rising for six consecutive sessions on Tuesday as investors were awaiting the closely-watched Federal Reserve minutes due later this week.
The dollar index, which measures the greenback against six major peers, decreased 0.08 percent to 93.599 in late trading.
The greenback's recent rally had been supported by the overall positive U.S. economic data, which bolstered market speculation for at least two more rate-hikes later this year.
The U.S. central bank will release minutes for its latest monetary policy meeting on Wednesday. After concluding its two-day meeting on May 2, the Fed kept the interest rates unchanged, in line with market expectation, while expressing confidence that inflation is near its 2-percent target.
Investors will look for more clues about Fed's future rate-hike plan in the upcoming minutes.
In late New York trading, the euro increased to 1.1778 dollars from 1.1772 dollars in the previous session, and the British pound was up to 1.3429 dollars from 1.3414 U.S. dollars in the previous session. The Australian dollar rose to 0.7577 dollar from 0.7569 dollar.
The U.S. dollar bought 111.00 Japanese yen, lower than 111.10 Japanese yen of the previous session. The U.S. dollar was down to 0.9929 Swiss franc from 0.9978 Swiss franc, and it increased to 1.2814 Canadian dollars from 1.2810 Canadian dollars.
The dollar index, which measures the greenback against six major peers, decreased 0.08 percent to 93.599 in late trading.
The greenback's recent rally had been supported by the overall positive U.S. economic data, which bolstered market speculation for at least two more rate-hikes later this year.
The U.S. central bank will release minutes for its latest monetary policy meeting on Wednesday. After concluding its two-day meeting on May 2, the Fed kept the interest rates unchanged, in line with market expectation, while expressing confidence that inflation is near its 2-percent target.
Investors will look for more clues about Fed's future rate-hike plan in the upcoming minutes.
In late New York trading, the euro increased to 1.1778 dollars from 1.1772 dollars in the previous session, and the British pound was up to 1.3429 dollars from 1.3414 U.S. dollars in the previous session. The Australian dollar rose to 0.7577 dollar from 0.7569 dollar.
The U.S. dollar bought 111.00 Japanese yen, lower than 111.10 Japanese yen of the previous session. The U.S. dollar was down to 0.9929 Swiss franc from 0.9978 Swiss franc, and it increased to 1.2814 Canadian dollars from 1.2810 Canadian dollars.
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