The U.S. dollar ended lower against most major currencies on Wednesday on growing doubt about the potential pace of rate-hikes in the country.

The Federal Reserve decided to raise the target range for the federal funds rate by 25 basis points to 0.75-1.0 percent last Wednesday.

The U.S. central bank also said that policymakers expected the interest rate to rise to around 1.4 percent at the end of 2017, unchanged from the original estimates, implying two more rate-hikes later this year.

The greenback has been under pressure since then as the Fed failed to signal a faster pace of future rate-hikes.

The dollar index, which measures the greenback against six major peers, was down 0.15 percent at 99.659 in late trading on Wednesday.

In late New York trading, the euro rose to 1.0804 dollars from 1.0802 dollars in the previous session, and the British pound climbed to 1.2485 dollars from 1.2483 U.S. dollars in the previous session. The Australian dollar decreased to 0.7681 U.S. dollar from 0.7699 U.S. dollar.

The U.S. dollar bought 110.87 Japanese yen, lower than 111.88 yen of the previous session. The U.S. dollar dipped to 0.9916 Swiss franc from 0.9942 Swiss francs, and it edged down to 1.3343 Canadian dollars from 1.3348 Canadian dollars.