The dollar index held hardly lower versus a basket of currencies on Wednesday.  A somewhat mixed report on domestic CPI reinforced the view that underlying U.S. inflation remains tame and the Fed would keep rates on hold.

U.S. President Donald Trump said on Tuesday the United States would impose tariffs on $11 billion of EU products. The two sides have been locked in a years-long global trade dispute.

The dollar fell slightly after a jobs report for March showed than U.S. job gains were better than expected during the month. Wage pressures were muted.

Sterling snapped a Third consecutive day of rising steak as concerns rose that Britain may be headed for a protracted Brexit delay.

The euro gained against the greenback as hopes of a trade deal between the U.S. and China bolstered risk appetite globally. According to reports, U.S. and China are closer to finalize a trade agreement.