Gloomy market sentiment dominated the market at the beginning of the week following the worsening Covid-19 situation in China.
Control measures were tightened as Beijing warned it was facing the worst test of the coronavirus outbreak, prompting the closure of businesses and schools in affected districts.
This situation has given the US dollar an advantage to record gains at the beginning of the week, pushing most major currencies lower.
Most recently, China's banking regulator and the People's Bank of China (PBOC) appealed to financial institutions to increase financial support to stabilize the economy.
This was followed by the withdrawal of 200 billion yuan as a special loan to help the property sector which had previously continued to suffer, somewhat helping to ease market concerns.
In the meantime, investors also focused on the direction of the Federal Reserve's (Fed) monetary policy setting next with the publication of the minutes of the FOMC meeting early Thursday morning.
Surveying major currencies, the euro traded little changed as European Central Bank (ECB) officials continued to hint at a further rate hike at their December meeting.
Meanwhile, the pound currency increased slightly following the losses recorded in the previous session, however price movements are still seen to be limited due to the strengthening of the US dollar.
