No change in expectations for the Federal Reserve's (Fed) monetary policy saw the push for the US dollar sustain its strengthening towards an 11-week high.
Investors still maintain expectations for the Fed to implement smaller interest rate cuts at its November meeting, less aggressively than it did last September.
A notable mover in Wednesday's trade yesterday was the Pound currency which was influenced by the release of UK inflation data at the start of the European session.
After flatlining since last week, the Pound plunged to a 2-month low yesterday after the latest UK inflation reading for September fell lower to 1.7%, beating forecasts of 1.9%.
This situation is seen to add pressure to the central bank of England (BOE) to be in the phase of monetary policy easing for the current economic stability.
Meanwhile, the Euro also fell to a 2-month low as pressure continued to mount ahead of the European Central Bank (ECB) meeting which is expected to lower interest rates today.
Investors' focus in the Asian session this Thursday morning was directed to the Australian jobs data report which saw a positive reaction to the Aussie dollar which displayed a strong surge.
This follows an encouraging reading on the component of the report when employment growth in Australia in September of 64,100 was the highest since February 2024.
Meanwhile, the unemployment rate which is expected to remain at 4.2% recorded a decrease to 4.1%.
The next focus is on the ECB meeting at 8.15pm tonight followed by US economic data including retail sales and unemployment benefit claims.
