On Wednesday, the U.S. dollar slightly increased after hitting a 15-month low, while sterling fell as a result of weaker-than-anticipated U.K. inflation statistics.

The dollar index that gauges the greenback versus its major pairs added 0.2% at 99.858, post dipping at 99.362, hitting the lowest level in 4 months.

Following the publication of June's U.S. retail sales figures, the dollar gained overnight. Even while the headline figure increased less than anticipated in June, the May number was revised up and core sales displayed greater resilience, pointing to sustained consumer resilience.

The Federal Reserve kept interest rates constant in June, so the report did not alter predictions that it would start raising rates again this month.

EUR/USD plunged 0.3% to 1.1198, dropping down from 1.1276, which the pair reached during the previous session and was the highest since February 2022.

GBP/USD slid 0.7% to 1.2945 following a decline in annual consumer price inflation in the United Kingdom to 7.9% in June from 8.7% in May and below the anticipated 8.2%.

USD/JPY advanced by 0.3% to 139.62 prior to the Bank of Japan's policy meeting the following week, following a Friday decline to 137.25, the lowest level since May 17.