The U.S. dollar traded higher against most major currencies on Wednesday as investors digested a slew of economic data.

Investors were trying to find clues on when the Federal Reserve might start the balance sheet reduction and whether the Fed will raise interest rate again this year.

U.S. private sector employment increased by 178,000 jobs from June to July, well below market consensus of 185,000, said the July ADP National Employment Report on Wednesday.

The ADP report is often seen as a preview for the closely-watched U.S. nonfarm payrolls data due out on Friday.

The dollar index, which measures the greenback against six major peers, was down 0.32 percent at 92.746 in late trading.

In late New York trading, the euro rose to 1.1868 U.S. dollars from 1.1810 U.S. dollars, and the British pound climbed to 1.3239 U.S. dollars from 1.3218 U.S. dollars. The Australian dollar decreased to 0.7976 U.S. dollar from 0.7977 U.S. dollar.

The U.S. dollar bought 110.56 Japanese yen, higher than 110.23 yen of the previous session. The U.S. dollar rose to 0.9695 Swiss franc from 0.9652 Swiss franc, and it edged up to 1.2559 Canadian dollars from 1.2526 Canadian dollars.