Markets in the European session saw a flat movement of currencies as investors' focus now shifted to the release of US inflation data.
The greenback continues to be under pressure due to expectations of slower interest rate hikes by the Federal Reserve (Fed) after seeing a dismal jobs report last week.
Fed Chairman Jerome Powell also failed to give any new indication of future interest rate setting when speaking at the bank conference that took place yesterday (Tuesday).
The streak, the release of US inflation data on Thursday is the main focus of investors next.
Examining the market situation in the European session, the dollar index is seen to remain hovering around a 7-month low compared to its main competitor.
Meanwhile, the euro traded almost unchanged at its strongest level in 7 months against the US dollar amid hawkish statements by European Central Bank (ECB) policy makers.
Francois Villeroy de Galhau said the central bank will continue to raise interest rates in the coming months.
In the meantime, the pound currency depreciated slightly but the price remained stable at the highest level in 3 weeks compared to the USD.
Asian currency, the Aussie dollar traded slightly higher following the improvement recorded in inflation and Australian retail sales in November.
