The dollar index .DXY, a gauge of its value versus six major peers, lost 0.28 percent to trade at 96.04.
The euro EUR= gained 0.15 percent to trade at $1.1443 versus the dollar, off its intraday high of $1.1473. The single currency changed hands about 1.1 percent above this year's trough of $1.1301 reached on Aug. 15.
The dollar lost 0.19 percent against the yen JPY=, to trade at 113.21. Earlier in the session, the yen had strengthened to 112.95.
The pound GBP= was 0.13 percent higher versus the dollar at $1.3116, sitting slightly below a three-week high of $1.3142.
• Democrats rode a wave of dissatisfaction with President Donald Trump to win control of the U.S. House of Representatives on Tuesday, giving them the opportunity to block Trump’s agenda and open his administration to intense scrutiny.
Mark Jolley, global strategist at CCB International Securities, told CNBC as polls were closing that a Democratic capture of the House could disrupt global investment patterns because some investors fear the consequences of a more divided U.S. political environment.
People are afraid, he said, that a Democrat-controlled House would mean more gridlock in Washington, and could therefore lead global investors to rethink their prioritization of the U.S. as their main investment option.
Many political analysts have projected that such gridlock could arise from the Democrats blocking Republican attempts to cut taxes and roll back Obama-era health care programs. Still, the shift in power could also open the door to cooperation on reducing drug prices or improving infrastructure.
• The outcome of Tuesday's U.S. midterm election is unlikely to change Washington's trade war with Beijing.
Both Democrats and Republicans support a tougher stance on Chinese trade and intellectual property practices.
"It's going to be the same, if not worse, in terms of U.S.-China," said Steven Okun of McLarty Associates.
• Higher long-term interest rates could help financial institutions by widening their margins, Bank of Japan board member Yukitoshi Funo said, signalling a rate hike could be a future option to ease pressure on banks’ profits from prolonged policy easing.
Funo, a former executive of Toyota Motor, said the central bank has no plan to dial back its ultra-loose policy in the near-term as global risks cloud prospects for hitting its elusive inflation goal.
• German industrial output rose slightly more than expected in September, data showed on Wednesday, offering some reassurance about the health of Europe’s largest economy in the third quarter.
Data from the ministry showed industrial output rose by 0.2 percent, just overshooting a Reuters forecast for an increase of 0.1 percent.
• Oil prices dipped on Wednesday as high output and U.S. sanction waivers allowing Iran’s biggest buyers to keep taking its crude reinforced the outlook for a well-supplied market.
Front-month Brent crude oil futures LCOc1 were at $71.83 per barrel at 0750 GMT, down 30 cents, or 0.4 percent, from their last close.
U.S. West Texas Intermediate (WTI) crude CLc1 was at $61.84, down 37 cents, or 0.6 percent.
Reference: Reuters, CNBC
Thai
Eng