The US dollar continued its strengthening momentum to trade higher against most major currencies as markets entered the European session.
The giant currency has gained support as a safe-haven after disappointing data from China reignited market fears of a global recession.
As the world's second largest economy, the weakness of China's economic data has had an impact on major currencies, particularly the risk-sensitive Aussie dollar and kiwi.
The Aussie dollar remained trading weak after Reserve Bank of Australia (RBA) meeting minutes showed policymakers were ready to take tightening measures, but they may not go through with the measures set out.
Meanwhile, European currencies continued to trade lower, with the pound and euro each falling to around one-month lows.
At the start of the European session, investors were treated to a mixed reading of UK jobs data that signaled the strengthening in the labor market had begun to ease following a reduction in job vacancies in June.
In the meantime, the loonie dollar also recorded a decline following the rise of the US dollar as investors' focus is now directed to Canadian inflation data that will be published in the New York session later.
Against most major currencies, the dollar index, which measures the strength of the greenback, is trading around 106.70.
