The dollar edged lower against the euro and yen late Wednesday as a rally in oil prices faded and the Federal Reserve’s Beige Book painted a mixed picture of the U.S. economy.The ICE U.S. Dollar index DXY, +0.00% a measure of the bucks’ strength against a basket of six rivals, was down 0.1% at 98.9440 late Wednesday in New York after spending most of the session in the green.
The dollar USDJPY, -0.12% bought ¥117.68 late Wednesday, in New York, compared with ¥117.76 late Tuesday.
Elsewhere, the euro traded higher against the dollar as investors looked ahead to the release of minutes from the European Central Bank’s December policy meeting, expected Thursday. The euro EURUSD, +0.0368% traded at $1.0879 late Wednesday, compare
d with $1.0834 Tuesday, after shrugging off a weak reading on industrial production in the eurozone.
The Brazilian real USDBRL, +0.0797% Russian ruble USDRUB, -0.24% trimmed most of their early gains, while the Australian dollar AUDUSD, -0.1726% turned lower against its U.S. rival.
The Canadian dollar USDCAD, +0.1813% fell to a new 13-year low against the U.S. dollar as the oil rout continued. The U.S. dollar traded at C$1.4351 late Wednesday, compared with C$1.4250.
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