The dollar struggled to make headway on Wednesday after a cut on the US government's top credit rating by Fitch raised questions about the country's fiscal outlook, though it drew some support from a relatively resilient run of economic data.
Rating agency Fitch on Tuesday downgraded the United States to AA+ from AAA in a move that drew an angry response from the White House and surprised investors, coming despite the resolution two months ago of the debt ceiling crisis.
That nudged the greenback lower, lifting the euro toward $1.10. Sterling similarly gained 0.05% to $1.2782, while the US dollar index was last 0.09% higher at 102.09.
Elsewhere, the Japanese yen was roughly 0.1% stronger at 143.21 per dollar. The Australian dollar rose 0.12% to $0.6621, while the New Zealand dollar fell 0.23% to $0.6136. (QNA)
Source: Qatar News Agency