Investing.com - The dollar was little changed against the euro on Wednesday, as the major currencies stuck to recent narrow ranges, while the pound slid to one-week lows as expectations for a U.K. rate hike this year dimmed.
EUR/USD was trading at 1.3604, remaining inside the month''s range of 1.3503 to 1.3678.
Investors were looking ahead to the final reading on U.S. first quarter growth due out later in the day, which was expected to be revised to show a deeper contraction. U.S. first quarter gross domestic product was initially reported to have increased by 0.1%, but was subsequently revised to show a contraction of 1.0%.
The dollar was also steady against the yen, with USD/JPY at 101.92, well within the month’s range of 101.59 to 102.78.
Sterling slid against the dollar, with GBP/USD dipping 0.11% to 1.6965 after Bank of England Governor Mark Carney indicated that recent weak wage growth could prompt the bank to keep rates on hold for longer.
Meanwhile, USD/CHF was little changed at 0.8942.
AUD/USD was at 0.9364, while NZD/USD added 0.25% to trade at 0.8693. USD/CAD was almost unchanged at 1.0742, not far from the five-and-a-half month low of 1.0715 set in the previous session.
The US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, edged up to 80.40.
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