1st LD Writethru: U.S. dollar mixed after sharp gain

The U.S. dollar traded mixed against other major currencies on Wednesday after soaring to the peak level in more than two weeks in the previous session.

The dollar index, which measures the greenback against six major peers, was up 1.21 percent at 95.468 in late trading on Tuesday, the highest level since June 8, as recent string of upbeat data had been bolstering market expectation of an interest- rate hike this year.

The index decreased 0.10 percent at 95.340 in late trading on Wednesday.

On the economic front, the U.S. Commerce Department said Wednesday that the final reading of first-quarter U.S. gross domestic product (GDP) decreased at an annual rate of 0.2 percent, above a previous estimate of a 0.7 percent contraction and in line with expectations.

Investors also kept an eye on Greek debt situation. Eurogroup President Jeroen Dijsselbloem said on Wednesday that the eurozone' s Greece talks did not reach an agreement and is set to restart on Thursday. Analysts said time is running out for Greece and creditors to reach a deal before the country has to repay a 1.6- billion-euro to the IMF by the end of this month.

In late New York trading, the euro rose to 1.1202 dollars from 1.1169 dollars in the previous session, and the British pound fell to 1.5699 dollars from 1.5715 dollars in the previous session. The Australian dollar went down to 0.7707 dollars from 0.7729 dollars.

The U.S. dollar bought 123.84 Japanese yen, lower than 123.96 yen of the previous session. The U.S. dollar inched down to 0.9343 Swiss francs from 0.9352 Swiss francs, and it increased to 1.2392 Canadian dollars from 1.2336 Canadian dollars. Endite