Dollar gives up early gains, turns lower

The US dollar fell against most major currencies on Wednesday, and pared its early gains.

This comes amid anticipation of the results of major companies for the first quarter of this year.

Netflix revealed yesterday its quarterly business results, and reported higher-than-expected profits and revenues, but the number of new subscribers was less than expected during the three months ending on March 31.

Major companies will report their earnings results in the next few days, led by Apple, Microsoft, Tesla, Facebook, Amazon and Alphabet.

Efforts to contain the Covid-19 pandemic are continuing by distributing millions of vaccines.

The dollar index fell against a basket of currencies by 0.1% to 91.1 points as of 18:31 GMT, after it hit a high of 91.4 points and a low of 91.09 points.