Markets moved quietly ahead of the release of US inflation data, with the US dollar trading weaker against its main rival.
The European session saw the giant currency remain struggling to post gains with the dollar index trading lower at around 102.00.
Even so, the US dollar still maintained its gains against the yen to remain traded at a 4-week high.
The US consumer price index (CPI) to be published in the New York session is expected to increase to 5.1% in March from 6% recorded previously.
If published figures show inflation remains strong and unsatisfactory, it could trigger high volatility in the market tonight.
In addition to inflation data, investors will also focus on the release of the minutes of the Federal Reserve (Fed) meeting early Thursday morning.
In the meantime, the euro continued to take advantage of the widespread decline in the US dollar to erase earlier losses and push higher.
The pound currency is trading stable ahead of Bank of England (BOE) Governor Andrew Bailey's speech tonight.
On the other hand, the Aussie and New Zealand dollars moved flat despite the continued weakness displayed by the greenback.
Meanwhile, the Canadian dollar traded little changed as the market's focus is now on the Bank of Canada (BOC) policy meeting in the upcoming New York session.
