The US dollar continues to display lackluster movement hovering around 6-week lows against most major currencies.
Investors are now awaiting the release of US gross domestic product (GDP) data in the New York session which is expected to show growth in the third quarter.
Also in focus is the European Central Bank (ECB) policy meeting with an expected increase of 75 basis points to be implemented today.
Ahead of the meeting, the euro continued to strengthen at around $1 parity, a 6-week high.
Meanwhile, the pound also remained strong as UK Prime Minister Rishi Sunak is reconsidering tax increases and big public spending cuts in his fiscal plan.
Meanwhile, the yen continues to maintain its gains since Japan's intervention at the end of last week.
The Bank of Japan's (BOJ) policy meeting on Friday is expected to see the central bank keep interest rates low.
On the other hand, the strengthening of the Aussie dollar eased slightly where previously it was supported by stronger than expected Australian inflation data.
Additionally, the New Zealand and Canadian dollars traded steady to continue to take advantage of the US dollar's weakness.
