Currency markets moved in a tight trading range on Thursday, seeing the US dollar remain trading higher than its main rival.
Meanwhile, the pound remained trading weakly at a four-week low amid investor caution ahead of the Bank of England's (BOE) policy meeting at 7pm this afternoon.
Taking center stage today is the BOE decision which is expected to raise interest rates by 25 basis points as UK inflation continues to show signs of easing.
In addition, investors will also be shown the publication of weekly jobless claims data and the US services ISM as final guidance ahead of the NFP report tomorrow (Friday).
At the time of writing, the dollar index, which measures the strength of the greenback, was trading flat at a four-week high of 102.76.
Turning to other currencies, the euro continues to be stuck around lows against the stronger US dollar.
The yen, on the other hand, survived the ongoing decline, trading slightly higher during the European session at around 142.80 against the greenback.
Meanwhile, the New Zealand dollar slipped to its lowest level since late June after falling more than 1% on Wednesday following dismal jobs data.
The Aussie dollar extended its decline further to its weakest level since the end of May, still affected by the Australian central bank's decision to keep interest rates unchanged.
