Dollar close the American mostly lower, against European rivals, particularly against Euro and Swiss Franc that extended earlier gains Tuesday, on encouraging U.S. data that boosted risk appetite. However, Wall Street slipped and close barely red, after a choppy session. Richmond Fed's regional manufacturing index improved in April to -9 from a previous reading of -20, while US consumers' confidence of the economy rose to its highest point of the year, 39.2 from a previous also revised to the upside, 26.9.
Earlier today in Europe, executive ECB board member Bini Smaghi cautioned against further aggressive interest-rate cuts in the euro zone,(next meeting is programmed for May 7th), despite other members previous comments, while in the U.S., the FOMC is expected to leave its funds rate unchanged near the zero mark on Wednesday.
Asian session activity could be limited by Japan’s bank holiday.
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