The throbbing ahead of the 3 main central bank policy meetings is increasingly felt as the market enters the European session.
Among the most focused is definitely the Federal Reserve (Fed) meeting which will announce its results early this morning (3.00am Malaysian time).
While the Fed is widely expected to raise its interest rate by 25 basis points, investors are also wary of any possibility that the central bank will do otherwise with a 50 basis point increase.
Focus will also be given to Fed Chairman Jerome Powell's follow-up statement to be used as an indication of the central bank's future policy direction.
Currency trading continues to move slowly towards the opening of the New York session which will also be decorated with US private sector ADP employment and manufacturing data.
Against a basket of major currencies, the dollar index traded slightly lower at around 102.00 at the start of the European session.
Meanwhile, the pound traded little changed ahead of the Bank of England (BOE) policy meeting which is expected to increase interest rates by 50 basis points.
The euro, meanwhile, traded stronger as investors continued to cling to expectations for a 50 basis point hike by the European Central Bank (ECB) on Thursday.
Looking at Asian currency movements, the Aussie dollar moved higher while the Kiwi dollar was limited after disappointing New Zealand jobs data in the fourth quarter.
The Canadian dollar, on the other hand, maintained its strength after the Canadian gross domestic product (GDP) data was released.
