The US dollar tried to rise again at the start of the European session, seeing the Aussie dollar continue to trade higher following the decision of the Reserve Bank of Australia (RBA) policy meeting.
Lackluster US services data in May forced the greenback to erase some of the gains made from the NFP data.
But during the European session, the currency king tried to rise again with the dollar index traded little changed around the price of 104.08.
The Aussie dollar surged to a three-week high after the RBA surprised markets by raising interest rates by 25 basis points to 4.10%, missing expectations that it would remain unchanged.
Australia's still-high inflation is seen as a continued concern for the central bank, prompting it to remain hawkish at its latest meeting.
Meanwhile, the focus of today's European session saw the European Zone's inflation expectations for the next 12 months drop to 4.1% in April from 5.0% in March.
The survey conducted by the European Central Bank (ECB) showed expectations that price pressures may ease in the coming months.
This caused the euro to slide at the opening of the session, followed by the pound sterling which also showed a decline.
In addition, the Canadian dollar continued to strengthen to a four-week high against the US dollar ahead of the Bank of Canada (BOC) policy meeting.
In addition, the yen is trading slightly lower than other major currencies including the greenback.
