The dollar fell on Wednesday, April 12, ahead of the closely watched inflation reading later in the day that will provide more clues on the path of the Federal Reserve's interest rate policy.

 After announcing strong jobs data in the US last week, all eyes are now focused on the inflation report and the US currency has been moving in a narrow range ahead of the announcement.

 The pound rose 0.04% to 1.2432 dollars, while the euro rose in the latest transaction by 0.1%, recording 1.0924 dollars.

 The two currencies moved away from their one-week lows recorded on Monday.

 The dollar index, which measures the performance of the US currency against a basket of currencies, fell 0.05% to 102.07.