The US dollar traded lower on Tuesday after a lackluster reading of US services data forced it to pare gains last Friday.
The currency king has recorded a strengthening following the US NFP jobs report which showed a significant increase in May, by 339,000 compared to expectations of 193,000.
The revised figure for April was also up with an increase of 294,000 from 253,000 jobs, further strengthening the trading US dollar.
However, the release of data on Monday again rejected the giant currency's fall. Although the services sector showed expansion in May, the trend seen to moderate has unsettled investors.
In the Asian session, the dollar index which measures the strength of the greenback traded hovering around 104.00 against a group of major currencies.
Following the decline of the greenback, the euro took advantage of the opportunity to recover some of its earlier losses to trade around 1.07150 against the USD in the Asian session.
Meanwhile, the pound also recorded a recovery, but was still trading lower at around 1.2440 against the US dollar.
Being the main focus of the market in the Asian session today is the policy meeting of the Reserve Bank of Australia (RBA) which is expected to keep rates unchanged at 3.85%.
The Aussie dollar is currently trading flat at around 0.6615 against the greenback signaling investor caution ahead of the RBA policy decision.
The Canadian dollar was unexpectedly stronger against the greenback, receiving only a slight impact from last week's NFP as it was supported by stronger oil prices.
