Although the greenback dipped slightly on Wednesday, it still held close to a six-month high as risk appetite was dampened by worries about the global economy.

The dollar index that gauges the greenback versus its major pairs dipped at 104.612, close to the overnight high of 104.90 reached for the past six months.

The negative releases persisted on Wednesday as German manufacturing orders fell 11.7% for the month in July, far less dramatically than the 4.0% drop predicted.

German, British, and eurozone manufacturing figures all reported declines on Tuesday, while their service sectors all experienced shrinkage.

Retail sales for the Eurozone are likely to have declined in July, down 0.1% on the month and 1.2% annually, as the region's consumers continue to feel the burden of high inflation. These figures are scheduled to be released later in the session.

Retail sales for the Eurozone are likely to have declined in July, down 0.1% on the month and 1.2% annually, as the region's consumers continue to feel the burden of high inflation. These figures are scheduled to be released later in the session.

EUR/USD inched up by 0.2% to 1.0737, having overnight crossed 1.0705, a three-month low.

GBP/USD rose by 0.2% to 1.2582, having likewise touched a three-month low on Tuesday.

USD/JPY slipped 0.3% to 147.27, with the yen modestly rebounding from a session low of 10 months earlier.