The greenback plunged on Wednesday, giving up part of its earlier achieved earnings, while investors are awaiting to catch any hints on the upcoming rate hikes approach from Feds minutes that is due to release today.

The dollar index that gauges the greenback versus its major pairs slumped by 0.7% at 103.638. retreating post 1% raise on the earlier day as the markets are concerned over possible recession in 2023 as announced by the International Monetary Fund.

Investors are currently awaiting the release of Fed minutes today and the U.S job figures next Friday.

EUR/USD added 0.6% to 1.0614, following an advance in the service sector in Spain for the second time in a row for December, on the other hand the inflation in France saw unpredicted slip, falling to 6.7% from 7.1% recorded in the previous month and below predictions at 7.2%.

USD/JPY dropped 0.7% at130.07, the Japanese yen is in a powerful state although the manufacturing activity shrunk for two month in a row triggered by the soared inflation and the slow demand.

GBP/USD nudged up by 0.9% to 1.2075, as the pound bounced post plunging by 0.7% at night.