The dollar came off highs against the euro on Wednesday after the Federal Reserve's beige book report said the U.S. economy from October to mid-November expanded at a slower pace than in the previous period.
The report, an anecdotal summary of economic conditions nationwide, also said U.S. housing demand was quite depressed.
The euro cut losses against the dollar to $1.4812, from $1.4795 before the report. Against the yen, the dollar trimmed gains to 110.30, from 110.40 previously.
(Reporting by Gertrude Chavez-Dreyfuss; Editing by James Dalgleish)