The US dollar continued to decline against other major currencies on Wednesday to the lowest in seven months amid the publication of disappointing US statistics. Investors are waiting for the announcement of the Fed's decision on the interest rate.
EUR/USD rose 0.63% to 1.1279.
According to the report of the US Department of Commerce in May, retail sales decreased by 0.3% against the expected growth of 0.1%.
Core retail sales index (excluding sales of cars) decreased by 0.3% in May against the forecasted growth of 0.2%.
In May, consumer prices in the US fell 0.1% against the forecast of growth of 0.1%. Compared to the same period last year, the consumer price index in the US rose 1.9% against the forecast of growth by 2.0%.
Core consumer price index (CPI) in the US, which does not include food and energy prices, rose 0.1%, which is lower than the forecasted growth of 0.2%.
It is expected that the Fed will raise the interest rate by 25 basis points to 1.25%.
Market participants are especially interested in the comments by Fed Chairman Janet Yellen.
Investors also remain cautious amid reports that more than 190 congressmen from the Democratic Party have sued President Donald Trump, accusing him of receiving payments from other governments through his companies, which is a violation of the US Constitution.
GBP/USD rose 0.13% to 1.2769 after the release of a report from the Office for National Statistical of that shows the number of applications for unemployment benefits in the UK increased by 7.3 thousand against the expected growth by 20.3 thousand.
The report also showed that the average wage level (including premiums) in the UK increased by 2.1% in the three months to April against the forecast growth of 2.4%. The average wage level without premiums in comparison with last year grew only by 1.7%.
USD/JPY fell 0.96% to 108.99, and USD/CHF decreased by 0.34% to 0.9655.
Australian and New Zealand dollars went up: the rate of AUD/USD rose 1.18% to 0.7627, and NZD/USD added 1.32% to 0.7317.
USD/CAD slipped 0.12% to 1.3226, which is the lowest since February 27.
The US dollar index, which shows the purchasing power of the dollar to the trade-weighted basket of six major currencies, dropped 0.53% to 96.46, the lowest since November 2016.