The Dollar rose broadly on Wednesday as a better-than-expected report on US durable goods orders for April bolstered the view the Federal Reserve may keep interest rates on hold or even raise them by year-end. Demand for the greenback also rose after reports showed rising German inflation and Oil prices eased from recent record highs.

US short-term interest rate futures show that investors widely expect the Federal Reserve to raise interest rates by 25bp to 2.25% by year-end.

Yesterday EurUsd was 0.21% down at 1.5656. UsdJpy traded as high as 105.31 and was last up 0.39% at 104.65. GbpUsd went 0.32% up at 1.9814. UsdChf was up 0.34% at 1.0372.

Yesterday German inflation May data supported expectations for the ECB to retain its hawkish, inflation-fighting stance despite signs of an economic slowdown seen in recent sentiment surveys from euro-zone member states. Other data in Europe showed the outflow of investment from the euro-zone accelerated in March. Analysts said the euro may still rebound to recent one-month highs even after weak data as the ECB's policy stance is seen unchanged.

Oil prices traded well below last week's record at $135.09 a barrel.