The dollar was near a two-week high against a basket of currencies on Wednesday as investors assessed U.S. economic data that showed a cooling labour market, while wagering the Federal Reserve will cut rates next year.

The British public's expectations for inflation over the medium to long term, which are closely watched by the Bank of England, rose in October, according to a survey published on Monday.

Consumer inflation in Japan’s capital eased more than expected in November and came closer to the Bank of Japan’s target range as food prices eased further from highs seen earlier this year, while import costs also stabilized.

Japan's service activity expanded at the slowest pace in a year in November, weighed by an accelerating decline in new exports and softer demand, however, the outlook for the sector remained upbeat, a business survey showed on Tuesday.

Chinese service sector activity grew more than expected in November, a private survey showed on Tuesday, recovering from lulls seen earlier this year as persistent stimulus measures from Beijing helped improve local demand. 

New orders for U.S.-made goods fell more than expected in October, marking the biggest monthly drop in roughly three and a half years, constrained by weakening demand for durable goods and transportation equipment and bolstering the view that high interest rates are beginning to bite into spending.