USD/ILS slipped to 3.4098 from 3.4146 at Tuesday's close after touching a low of 3.4015 on 15 July.
Stronger US economy should strengthen loonie while greenback rally can weigh down Canadian unit.
The USD index, rose to a one-month high of 80.39, up 0.2% from Tuesday's close.
China is steadily improving its FX-related export competitiveness, but others are seeing their currencies becoming less helpful.
Asian stocks and Australian dollar have not reacted positively to Chinese data as Fed Chair Yellen's testimony on 15 July strengthened greenback.
The US dollar rallied against most majors as Yellen said the overall view of the US economy is positive.
BOJ expects Japanese economy to expand 1% in the year to March 2015.
A new survey warns that UK firms are falling behind their EU competitors.
USD/INR had fallen 0.3% on Tuesday as the railway budget proposed more foreign direct investment into infrastructure development.
China's June CPI came in at 2.3% year-on-year from 2.5% in May and compared with the consensus of 2.4%. The PPI declined 1.1% while analysts had been expecting a 1% drop.
Continued increase in the buy-side speculative positioning in Sterling underpins the case for a stronger reversal in it unless there is an even more hawkish central bank to support.
USD/CAD had been trading higher since 3 July despite the better than expected trade and building permits data released since then.
For Mark Carney, BoE policy review provides an opportunity to clarify present situation or future.
US dollar index shrugs off recent dovish rhetoric by Fed officials and rallies to a one-week high in the week to 4 July
German economic data in the week to 4 July generally surprised on the downside.
Peoples' Bank of China has signed memorandum of understanding with Bank of Korea for renminbi clearing house in Korean capital.
Rally in recent weeks and steadily increasing buyside speculative positions in GBP raise reversal risks
Unleashing of pent up demand and overall bullish business sentiments driving growth.
HSBC/Markit services PMI bounces back indicating gathering momentum in economy.
Weak monsoon so far this year and dim forecasts increase inflation and growth concerns in India.
Governor Glenn Stevens says at 94 US cents to dollar, Australia's current exchange rate far too high.
Euro fell across the board on Wednesday as data from Italy and Germany surprised on the downside and strong numbers from the UK drove it to a new multi-year low.
The near 4% rally of USD/INR since 22 May failed below 60.91, a main Fibonacci level. Also, a bearish signal has been triggered for the pair by the MACD on the daily chart.
Forex markets have already got many indications that the Federal Reserve is not in hurry to hike rates, but negative surprise in the jobs data prints will deepen the recent slide in the dollar.
Data surprises have been pushing the pound higher of late, and the Markit manufacturing PMI on 1 July has taken it one step closer to a crucial technical level.
RBA leaves the cash rate unchanged at 2.5% and reiterates that what is required is interest rates stability.
Sterling rallied near the 19 June five-year high of 1.7064; markets await PMI and housing data this week.
Rupiah rose to 11,831, a two-week high, after hitting a near five-month high of 12,148 on 26 June, while concerns ahead of the 10 July Budget weighed on the rupee.
Euro rallied to its highest since 9 June against the dollar on 30 June in early trade despite mixed data signals from the Eurozone, helped by the dollar's weakness.
NZD/USD falls below psychologically important 0.8800 mark easing concerns of central bank intervention.