The U.S. dollar declined against most major currencies on Wednesday amid rising political uncertainties.

Analysts said the dollar remains pressured as hopes for a big fiscal stimulus plan from the Trump administration have gradually faded away.

The dollar index, which measures the greenback against six major peers, decreased 0.35 percent at 96.940 in late trading.

In late New York trading, the euro rose to 1.1244 dollars from 1.1186 dollars in the previous session, and the British pound climbed to 1.2890 dollars from 1.2854 U.S. dollars in the previous session. The Australian dollar decreased to 0.7432 dollar from 0.7467 dollar.

The U.S. dollar bought 110.62 Japanese yen, lower than 110.76 yen of the previous session. The U.S. dollar fell to 0.9675 Swiss franc from 0.9747 Swiss franc, and it edged up to 1.3506 Canadian dollars from 1.3457 Canadian dollars.