The US dollar slipped against its major rivals early on Wednesday after downbeat data dampened some of the momentum it had gained from last week's robust US jobs report.

The greenback, however, held its ground against the pound, which hovered near a 1-month low hit overnight, after a Bank of England policymaker suggested more monetary easing was needed despite already cutting rates last week.

USD/JPY fell half a percentage point to 101.10, having gone as high as 102.660 on Monday in the wake of last week's robust nonfarm payrolls figure.

EUR/USD was up to 1.1155, 0.3 percent higher. The dollar index was down 0.2 percent at a 5-day low of 95.981.

Wall Street shares ended slightly higher Tuesday, with the Nasdaq posting a fresh record close, as investors kept an eye on falling oil prices.

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