The US dollar fell to near a three-month low as the Federal Reserve (Fed) gave instructions to change its bond-buying policy and weaker-than-expected employment data.
The dollar index, which measures the strength of the greenback dollar against major currencies, fell to 91.92 at the opening of the Asian session.
Fed policymakers are debating various options on bond purchases to support recovery, including increasing purchasing rates or implementing long-term bonds.
Meanwhile, the volume of US unemployment claims continued to disappoint the market by showing an increase last week, raising investor concerns over the US economy.
The currency continues to gain support from positive market sentiment influenced by investor confidence in the Covid-19 vaccine which is expected to be available later this year.
Euro trading continued to rise above the 1.19000 prices against the US dollar ahead of the issuance of a report on the minutes of the European Central Bank (ECB) meeting tonight.
The ECB, which is expected to relax its monetary policy at next month's policy meeting, is likely to influence the currency's move after investors see further central bank clarification within minutes of the meeting.
In addition, the pound sterling is trying to approach the price level of 1.34000 against the USD despite some unpleasant news regarding Brexit. EU chief negotiator Michel Barnier threatened to withdraw from the negotiating table if the UK was not willing to compromise on key issues.
Positive market sentiment also supported the Aussie dollar and the kiwi dollar also continued to trade strongly at the start of the Asian session.
