Investing.com - The dollar rose to fresh eight-month highs against the other major currencies on Wednesday, as investors eyed of a string of U.S. data due later in the day amid growing expectations for a December rate hike by the Federal Reserve.
USD/JPY edged up 0.17% to 122.73.
The dollar remained supported after the U.S. Commerce Department said on Tuesday that gross domestic product grew at an annual rate of 2.1% in the three months to September, in line with expectations.
Preliminary data initially pegged U.S. growth at 1.5% in the third quarter.
The upbeat growth data added to expectations that the Fed is on track to raise interest rates next month.
Earlier Wednesday, the minutes of the Bank of Japan's October meeting showed that some board members believe that an output gap was one reason the country was taking longer to meet inflation targets.
These concerns underlined a lingering worry that the delay in meeting the BOJ's 2% inflation target meant that its quantitative easing measures had been ineffective.
However, the majority view was that the delay in hitting the inflation target was due to weak oil prices, according to the minutes.
EUR/USD slid 0.57% to fresh seven-month lows of 1.0582.
Market sentiment was hit after news on Tuesday that Turkey shot down a Russian warplane on the Syrian border. Ankara claimed the SU-24 warplane had entered Turkish airspace, but Moscow has rejected those claims.
Responding to the incident, Russian President Vladimir Putin called the downing "a stab in the back," and warned it would have serious consequences for the Russian-Turkish relationship.
Elsewhere, the dollar was higher against the pound and the Swiss franc, with GBP/USD down 0.12% at 1.5062 and with USD/CHF gaining 0.59% to 1.0227.
The Australian dollar was weaker, with AUD/USD down 0.17% at 0.7249, while NZD/USD held steady at 0.6560.
Meanwhile, USD/CAD edged up 0.15% to 1.3324, not far from Monday's two-month high of 1.3437
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was up 0.41% at a fresh eight-month peak of 110.10.