Hawkish Fed rhetoric fails to lift dollar; Aussie jumps

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Hawkish Fed rhetoric fails to lift dollar; Aussie jumps
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The dollar struggled to advance even though Federal Reserve policymakers reiterated their commitment last month to fighting inflation, while the Aussie rallied after China eased its restrictions on imports of Australian coal. | Reuters

Sterling was last steady at $1.2062, after rising 0.76 percent against the dollar in the previous session, while the euro edged 0.19 percent higher to $1.0624, following a more than 0.5 percent overnight gain.

Economic data also released on Wednesday revealed that U.S. job openings fell less than expected in November, though a survey from the Institute for Supply Management showed that U.S. manufacturing activity contracted again in December. Against a basket of currencies, the U.S. dollar index fell 0.14 percent to 104.06, after slipping 0.5 percent on Wednesday.

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