Forex Pros – The U.S. dollar was down against the other major currencies on Wednesday, as market sentiment turned positive, whetting risk appetite. During European afternoon trade, the greenback was down against the euro, with EUR/USD gaining 0.07% to hit 1.2638. Earlier in the day official data showed that German factory orders fell unexpectedly in May, for the first time in 5 months. The greenback was also down against the Swiss franc and the pound, with USD/CHF shedding 0.57% to hit 1.0533 and GBP/USD rising 0.39% to hit 1.521. Meanwhile, the greenback was also down against its Australian, New Zealand and Canadian counterparts, with AUD/USD climbing 0.5% to hit 0.8576, NZD/USD advancing 0.81% to hit 0.6994 and USD/CAD shedding 0.3% to hit 1.0512. Earlier in the day, data showed that Canada's leading indicator of economic outlook fell unexpectedly in June. Finally the greenback was down against the yen, with USD/JPY shedding 0.21% to hit 87.32. The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.22%.

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