The dollar index fell by -0.18% on Wednesday, hitting a 2-week low due to prospects of an EU trade agreement with the US and weaker US existing home sales. Meanwhile, the euro rose by +0.13% on reports of a potential EU-US trade deal and stronger Eurozone consumer confidence index. President Trump announced a trade deal with Japan imposing 15% tariffs on US imports, boosting the yen to a 1.5-week high against the dollar. Precious metals retreated on easing global trade tensions and hawkish comments from BOJ Deputy Governor Uchida, with gold reaching a 5-week high initially.

Read more at Yahoo Finance.: Possible EU-US Trade Deal Weighs on the Dollar