The dollar was supported by stronger-than-expected U.S. retail sales data on Wednesday as investors also looked for clues from Federal Reserve speakers on the path for interest rates.
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The euro was last up 0.33% at $1.0388 but still below the four-and-a-half month peak of $1.0481 it touched Tuesday when U.S. producer price inflation data was below expectations. While it was well off its session high of the day, the euro more than erased Tuesday's losses against the yen . It was last up 0.46% against the Japanese currency.
Meanwhile, two key policy doves argued on Wednesday that while the European Central Bank must continue to raise interest rates, there is a growing case for"A lot of people are fixated on what we're going to see regarding what the Fed and the ECB will do," said Edward Moya senior market analyst at Oanda in New York.
Elsewhere, data released on Wednesday showed inflation in Britain - in contrast with the United States - continues to rise, hitting a 41-year high in theBritain is set to announce a new budget on Thursday with expectations for tax hikes and spending cuts. The pound fell to a record low of $1.0327 in September after finance minister Jeremy Hunt's predecessor Kwasi Kwarteng announced a package of unfunded tax cuts.
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