EUR/USD retraces on Wednesday the gains it made on Tuesday as the dollar rises on hopes of a new North American trade agreement including Canada, and a better-than-expected U.S. consumer confidence index, which came out Tuesday afternoon. EUR/USD falls 0.2% to 1.1677. However, in a broader scheme, EUR/USD is firm, UniCredit analysts say, which should help lift EUR/JPY, given "the yen seems to be a less-favored safe-haven currency than the Swiss franc and the dollar itself after the Bank of Japan made it clear that it will not exit its ultra-loose monetary policy any time soon. - via WSJ