With just hours to go before US consumer inflation data is released, the currency king US dollar continues to show flat movement in the European trading session.
Against most major currencies, the dollar index, which measures the strength of the greenback, traded slightly lower at around 104.86.
Investors are now preparing to receive another 'surprise' from US inflation data which is expected to continue to show a decline in November with a reading of 7.3% from 7.7% previously.
However, investors are also wary if the data released shows strength given that the release of the US producer price index (PPI) last Friday was not expected to increase stronger last month.
Looking at market movements overall, the Aussie and New Zealand dollars each traded positively following better market sentiment following the news of the easing of Covid-19 in China.
Meanwhile, the pound was little changed after published employment data showed an increase in the UK unemployment rate in October.
In addition, the euro showed limited movement in line with the US dollar trading which is awaiting the publication of US inflation data in the upcoming New York session.
The Canadian dollar rose slightly amid a revival in crude oil trading from its lowest level since December 2021.
