The US dollar remained stable at a 10-month high in the European session even though the recorded increase had stopped.
The US 10-year bond yield may have fallen slightly today but is still seen as holding steady at the 16-year level at 4.50%.
The giant currency now awaits additional catalysts to spur its next move, with United States durable goods orders data due to be published in the New York session.
Previously, the US dollar had been supported by the fact that Federal Reserve (Fed) policymaker Neel Kashkari said the interest rate may need to move higher to lower inflation.
This hawkish view apparently made investors worried because he came from Kashkari who is known to be dovish.
Turning to other major currencies, the Aussie dollar failed to capitalize on inflation data showing an increase in August, dropping to a 10-month low versus the US dollar.
The market does not appear to have changed its view that the Australian central bank (RBA) will keep its benefit rate unchanged despite the follow-up data.
Meanwhile, the euro and pound remained at their weakest level in six months against the greenback amid the dovish stance of the European Central Bank (ECB) and England (BOE).
In Japan, the yen remains trading under pressure at an 11-month low against the US dollar with prices hovering around 149.00.
The Swiss franc also hit a fresh six-month low against the greenback, still under pressure from last week's decision by the Swiss central bank (SNB) to leave its interest rate unchanged.
