Stimulus programs such as the Fed's monthly USD85 billion asset-purchasing program tend to weaken the dollar to spur recovery.
In U.S. trading on Wednesday, EUR/USD was up 0.22% at 1.3008, up from a session low of 1.2924 and off from a high of 1.3032.
The pair was likely to find support at 1.2924, the earlier low, and resistance at 1.3078, Tuesday's high.
Payroll processor ADP reported earlier that the U.S. private sector added 188,000 jobs in June, beating expectations for an increase of 160,000.
Separately, the U.S. Department of Labor said the number of individuals filing for initial unemployment assistance last week fell by 5,000 to 343,000, slightly better than expectations for a drop of 3,000 to 345,000.
Separate data showed that service-sector activity in the U.S. grew at a slower rate than expected in June.
The Institute of Supply Management said its non-manufacturing purchasing managers' index fell to 52.2 in June from 53.7 in May, compared to expectations for an increase to 54.0.
Collectively, the data depicted an economy on the mend though doubts as to whether the Federal Reserve feels it merits an end to stimulus programs arose and softened the dollar.
Elsewhere, news reports that the Egyptian military was preparing to establish its own roadmap for the country and end President Mohammed Morsi's administration via coup spooked investors worldwide and sparked safe haven demand for the yen, which came at the dollar's expense.
The euro erased earlier losses stemming from Portugal's Finance Minister Vitor Gaspar's decision earlier this week to resign in wake of data that indicated that the country's budget deficit widened in the first quarter.
The move sparked fears of a backlash against austerity measures in the country.
The euro, meanwhile, was down against the pound and down against the yen, with EUR/GBP trading down 0.66% at 0.8508 and EUR/JPY trading up 0.57% at 129.85.
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