The Canadian dollar dropped lower following Crude oil inventory report which sent the crude oil at a 10-month low. Sterling is confused from politics while greenback ended lower versus the G10 currencies after intraday fluctuations.
U.S. Dollar Ended Lower After Intraday Ups and Downs
The U.S. dollar has a very active day against the majors on Wednesday but finally ended the day lower against almost all the major currencies. According to our 24-hour performance tool, greenback remained marginally unchanged against the Australian dollar and edged higher against the Canadian dollar. The U.S. existing home sales rose 1.1% to 5.62M in May from a decline of 2.5% to 5.56M the previous month. Market forecast was suggesting a smaller fall of 0.5% to 5.55M. Later in the day, the weekly jobless claims are coming out, as well as the housing price index for April. Moreover, FOMC member Jerome H. Powell will give a speech.
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