Forex - Dollar Makes Modest Gains As EZ Debt Uncertainty PersistsForexpros updated May 18, 2011TweetAt GET.com we maintain complete editorial integrity on our content & provide transparent & unbiased information. Companies don't pay us to include their products although we receive a compensation when you successfully apply to products from our partners. See how we make money here.At GET.com we maintain complete editorial integrity.Forex Pros – The U.S. dollar was modestly higher against its major counterparts on Wednesday, as the euro weakened amid ongoing uncertainty over Greek sovereign debt and the pound came under broad selling pressure.<br /><br />During early U.S. trade, the greenback was fractionally higher against the euro, with EUR/USD inching up 0.02% to hit 1.4239.<br /><br />Eurogroup leader Jean-Claude Juncker on Tuesday said there was a need to move towards a "soft restructuring" of Greek debt, but other officials were opposed to such move, while Greece's prime minister said restructuring would do more harm than good.<br /><br />The greenback was also higher against the pound, with GBP/USD shedding 0.58% to hit 1.6155.<br /><br />Earlier in the day, official data showed that the number of people on unemployment benefits in the U.K. rose sharply in April but the country’s unemployment rate dipped unexpectedly in March. <br /><br />Separately, minutes from the Bank of England’s May meeting showed policymakers maintained the vote to keep rates unchanged this month.<br /><br />Elsewhere, the greenback was slipped against the yen but inched higher against the Swiss franc with USD/JPY dipping 0.02% to hit 81.39 and USD/CHF easing up 0.04% to hit 0.8802.<br /><br />Meanwhile, the greenback was higher against its Canadian and Australian counterparts but lower against its New Zealand cousin, with USD/CAD easing up 0.06% to hit 0.9703, AUD/USD shedding 0.14% to hit 1.0611 and NZD/USD advancing 0.63% to hit 0.7897.<br /><br />Earlier Wednesday, government data showed that producer price inflation in New Zealand rose more-than-expected in the first quarter.<br /><br />The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was up 0.05%.<br /><br />Later in the day, the Federal Reserve’s Open Market Committee was to publish the minutes of its April policy setting meeting. <br /><br />Editorial Disclosure: Any personal views and opinions expressed by the author in this article are the author's own and do not necessarily reflect the viewpoint of GET.com. The editorial content on this page is not provided by any of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities. Opinions expressed here are author's alone, not those of the companies mentioned, and have not been reviewed, approved or otherwise endorsed by any of these entities.