The US dollar declined on Wednesday, following unsuccessful talks between President Biden and lawmakers on the nation's debt ceiling. Despite the failure to reach an agreement, they committed their aides to daily discussions and set a deadline to meet again on Friday, providing some hope of a resolution in the coming weeks. Ahead of US inflation data due later in the day, the greenback slipped, and economists are predicting a potentially larger-than-expected year-on-year increase in core consumer prices for April. The Federal Reserve, meanwhile, has signaled a potential pause in its tightening cycle after ten consecutive rate hikes.