The US dollar hovered around the same price despite fluctuations in both sessions, while the Canadian dollar continued to strengthen ahead of the Bank of Canada (BOC) policy meeting.
The opening of the European session saw the dollar index, which measures the strength of the greenback, trading slightly lower at around 104.05 against a group of major currencies.
The market is currently moving without a clear direction, waiting for the release of key economic data to move the currency ahead of next week's bigger event which is the FOMC policy meeting.
The dollar loonie hit a one-month high against the greenback as markets await the BOC's policy decision which is expected to keep interest rates unchanged.
However, investors are also wary of any surprise the central bank may implement to raise interest rates.
Meanwhile, the Aussie dollar strengthened to a three-week high despite reports that Australia's economy will grow more slowly in the first quarter of 2023.
This is because prices are still supported by the decision of the Reserve Bank of Australia (RBA) which raised interest rates to an 11-year high on Tuesday, with more signals for further hikes to come.
Meanwhile in Europe, the euro and the pound did not show much change in price movements with each trading at around 1.0690 and 1.2435 against the US dollar.
