The greenback fell slightly on Wednesday, giving up recent gains ahead of the release of minutes from the previous Fed’s meeting, while the pound rose regardless a steep deceleration in U.K. inflation.

The dollar index that gauges the greenback versus its major pairs, the price was 0.1% down at 102.962, not far off the 112-month high of 103.46 reached earlier this week.

The dollar rose on Tuesday with the announcement of stronger-than-expected July retail sales in the United States, showing that American consumers have shown to be robust in the face of inflation, which has risen the price of household necessities such as food and fuel.

EUR/USD added 0.2% to 1.0924, in advance of the publication of the eurozone's second quarter growth statistics. These are anticipated to reveal that the gross domestic product increased by 0.3% on the quarter, which would represent a little advance over the flat growth of the previous quarter.

GBP/USD climbed by 0.2% to 1.2730, as the rate of inflation in the United Kingdom dipped in July to its weakest level since February 2022. The headline annual rate decreased from 7.9% in June to 6.8%, edging farther away from October's 41-year peak of 11.1%.

USD/JPY dipped 0.1% to 145.38.