The dollar traded largely higher against most major currencies on Wednesday, buoyed by Tuesday's inflation and home sale data as well as upbeat earnings, though geopolitical tensions in Ukraine weighed on the greenback's advance.

Dollar gains on data, upbeat corporate earningsIn U.S. trading on Wednesday, EUR/USD was down 0.04% at 1.3460.

Upbeat data released in the U.S. on Tuesday and a slew of better-than-expected earnings sent the dollar gaining on Wednesday though spates of profit taking watered down the greenback's advance at times.

Geopolitical concerns sparked fears that the fallout from the Ukraine conflict, which could include fresh sanctions slapped on Russia, will dampen global recovery and prompt the Federal Reserve and other central banks to keep policy loose for longer than once anticipated.

The dollar was up against the yen, with USD/JPY up 0.08% at 101.54, and up slightly against the Swiss franc, with USD/CHF up 0.01% at 0.9025.

The greenback was up against the pound, with GBP/USD down 0.21% at 1.7030.