Towards the close of the July market, the US dollar moved in a limited trading range as prices continued to hover around the same zone.
This is reflected in the dollar index which is trading at around 101.70 against a basket of major currencies.
In the absence of major economic data releases from the United States in the upcoming New York session, the US dollar is expected to continue to exhibit the same movement.
Even so, investors need to remain cautious considering that today is the closing of July trading which may be affected by profit taking activities.
Examining the development of other currencies, the euro traded little changed following the European Zone inflation data report which showed the consumer price index decreased to 5.3% in June from 5.5% previously.
Meanwhile, core inflation was unchanged from the previous record with an increase of 5.5% in June.
Meanwhile, the pound traded flat amid investor caution ahead of the Bank of England's (BOE) policy meeting on Thursday.
Also, the Aussie and New Zealand dollars traded higher after getting support from better-than-expected Chinese manufacturing data.
The yen remained at a three-week low against the greenback as the market continued to assess the Bank of Japan's (BOJ) move last week.
