The greenback ticked up versus its major pairs on Wednesday, meanwhile the pound steeped as the headline inflation rate in Britain slowed to its lowest level in over two years.

The dollar index added 0.3% at 102.38, buoyed by the slipped pound.

After the previous week's meeting encouraged markets to pencil in three rate cuts in 2024 and sparked a rise in financial markets, Fed policymakers have been retreating from the concept of making swift rate reduction in 2019.

In a Wednesday interview, ECB’s policymaker Joachim Nagel warned traders against placing bets on impending reductions in borrowing costs and stated that interest rates in the euro zone should stay high.

According to a Reuters, Japan's government plans to cut its budget for the first time in twelve years in the upcoming fiscal year.

EUR/USD dipped 0.4% to $1.09405.

GBP/USD dropped 0.6% at $1.26570.

USD/JPY slumped by 0.3% to 143.410, a day following BOJ’s decision of holding off on changing its dovish stance until further data was available.