The U.S. dollar traded mixed to lower against the most major currencies after the U.S. whole sales inventories. Wholesale inventories in the U.S. rose 0.3% in September, in line with expectations, after a 0.6% gain in August. August's figure was revised down from a 0.7% rise.

The euro traded mixed against the U.S. dollar after industrial production from the Eurozone. Industrial production in the Eurozone rose 0.6% in September, in line with expectations, after a 1.4% drop in August. August's figure was revised up from a 1.8 fall.

On a yearly basis, Eurozone's industrial production increased 0.6% in September, beating expectations for a 0.4% decline, after 0.5% fall in August. August's figure was revised up from a 1.9 drop.

The British pound traded mixed against the U.S. dollar. Earlier, the pound dropped against the greenback after the Bank of England's inflation letter. The Bank of England (BoE) lowered its economic growth and inflation forecasts.

The BoE cut its forecasts for economic growth in 2015 to 2.9% from a previous 3.1% gain.

The BoE Governor Mark Carney warned that inflation could fall below 1% in the next six months due to lower commodity prices and a slowdown of global growth. The central bank expects inflation to achieve its 2% target in three years.

The U.K. unemployment rate remained unchanged at 6.0% in the July to September quarter, missing expectations for a decline to 5.9%.

The claimant count decreased by 20,400 people in October, missing expectations for a drop of 24,900 people, after a decrease of 18,600 people in September.

Average weekly earnings, excluding bonuses, climbed by 1.3% in the July to September period. That was the first time in five years that earnings overtook inflation. Inflation in the U.K. declined to 1.2% in September.

Average weekly earnings, including bonuses, rose by 1.0% in the July to September period.

The New Zealand dollar increased against the U.S. dollar. The Reserve Bank of New Zealand (RBNZ) released its Financial Stability Report on late Tuesday. The RBNZ Governor Graeme Wheeler said in the central bank's Financial Stability Report that the exchange rate of the New Zealand dollar is "unjustified and unsustainable". He pointed out that the RBNZ "still thinks the exchange rate's got further to go".

The Australian dollar climbed against the U.S. dollar. In the overnight trading session, the Aussie traded lower against the greenback despite solid economic data from Australia. The Westpac Banking Corporation's consumer sentiment for Australia increased 1.9% in November, after a 0.9% gain in October.

Wage price index in Australia rose by 0.6% in the third quarter, in line with expectations, after a 0.6% increase in the previous quarter.

The Japanese yen traded mixed against the U.S. dollar in the absence of any major economic reports from Japan.

The Bank of Japan (BoJ) board member Ryuzo Miyao said on Wednesday that the BoJ could start talking about the end of stimulus measures around the second half of fiscal 2015 if inflation will reach the central bank's 2% target.