(Updates with U.S. midmorning trade)

By Alden Bentley and Stefano Rebaudo

NEW YORK, Nov 27 (Reuters) - The U.S. dollar eased

almost across the board on Wednesday as investors waited for

inflation data and remained cautious about President-elect

Donald Trump's tariff pledges, amid portfolio rebalancing before

month end.

The dollar came under extra pressure after revised data

showing gross domestic product rose at a 2.8% rate in the third

quarter, as expected and the same as last month's first

estimate. October durable goods orders rose a smaller than

expected 0.2%, other data showed, while applications for

unemployment benefits at 213,000 were a bit lower than last

week's upwardly revised 215,000 jobless claims.

Dollar/yen fell to its lowest in about five weeks, standing

1.18% lower at 151.3. The weakening dollar lifted the euro

0.8% to $1.0568. The euro/dollar pair hit its highest in

a week, while the dollar index, which measures the

greenback against a basket of currencies including the yen and

the euro, fell to its lowest since Nov. 13 and was off 0.7% at

106.09.

The main focus of the day will be the Personal Consumption

Expenditures (PCE) price index due out at 10:00 a.m. EST/1500

GMT, before U.S. markets close for the Thanksgiving holiday on

Thursday.

Trump's vows on Monday of big tariffs on Canada, Mexico and

China, the United States' three largest trading partners,

knocked their currencies lower and have left investors jittery.

Some analysts argued that inflation risks could prevent

Trump from ushering in more disruptive measures.

"We believe that Trump realizes that his win was almost

entirely due to 3i's -- inflation, inequalities and immigration

-- with prices being key," said Viktor Shvets, global head of

desk strategy at Macquarie Capital.

"Unless there is an improvement, the electorate's revenge

could be severe, and there is not much time, as within 12

months, mid-terms will dominate," he added.

Shvets noted that Trump has picked Scott Bessent as Treasury

Secretary, who is expected to keep a leash on U.S. deficits and

to use tariffs as a negotiating tool.

"The recent sharp dollar appreciation largely decreases the

asset values in dollars outside U.S. and hence increases the

rebalancing need to sell the dollar at the month-end," said

Sheryl Dong, forex strategist at Barclays.

The outperforming yen has benefited from bets for

a December rate hike in Japan, and position adjustments.

The dollar's selloff accelerated after the pair fell below

the 200-day moving average at 151.998.

Analysts flagged some relief as the country is not in the

firing line of Trump's possible tariffs.

"Japan has a strong hand in dealing with U.S. trade

concerns," said Jane Foley, senior forex strategist at RaboBank.

It "is the U.S.'s largest overseas holder of U.S. Treasuries

and the largest provider of foreign direct investment into the

U.S.," she added.

A ceasefire between Israel and Iran-backed group Hezbollah

came into effect on Wednesday, under a deal that aims to end

hostilities across the Israeli-Lebanese border. Geopolitical

tensions, with wars in the Middle East and Ukraine, have been a

support for the dollar as a safe haven.

Against its Canadian counterpart, the greenback was little

changed, at C$1.4057, after touching a 4-1/2-year high of

$1.4177 on Tuesday.

The dollar remained off its highest against the Mexican peso

since July 2022 from Tuesday, standing 0.1% firmer at

20.696.

In cryptocurrencies, bitcoin was up 2.93% at

$94,333, digesting its run up to almost $100,000 last week.