The US dollar continued to trade stronger at seven-week highs, supported by growing confidence that the debt ceiling issue will be resolved.
President Joe Biden and Republican House Speaker Kevin McCarthy both expressed confidence on Wednesday that the US government would not default .
In addition, the US dollar also received support from the hawkish statement of the Federal Reserve (Fed) official, where Loretta Mester said she did not think that interest rate hikes should be stopped for now.
Investors next await the release of US weekly jobless claims data in the New York session to gauge the current strength of the labor market.
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In Europe, the euro remained trading at around six-week lows against the greenback.
Financial markets in Germany, Switzerland and France were closed for Ascension Day , keeping the euro moving within a normal range in today's trading.
Meanwhile, the pound retreated again to trade lower against the US dollar ahead of Bank of England (BOE) Governor Andrew Bailey's testimony before the UK Parliament's Treasury Committee.
In addition, the Aussie dollar remained subdued after being hit by disappointing Australian jobs data in April, while the New Zealand dollar remained flat.
Additionally, the Canadian dollar traded slightly lower against the US dollar amid flat oil trading.
