The U.S. dollar fell from 2018 highs set earlier on Wednesday after the Federal Reserve indicated it may allow inflation to run above its 2 percent target, raising concerns about U.S. economic outlook. The dollar index, which tracks the greenback against six major rivals, rose 0.07 percent to 92.512. The euro was down 0.36 percent to 1.1950 against the greenback. Against the yen, the dollar sagged 0.02 percent at 109.83. The euro is expected to meet resistance and support against the dollar at $1.2100 and $1.1820 respectively, while the dollar is expected to meet resistance and support against the yen at 111.30 and 108.40 respectively.

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