The greenback dollar traded under pressure on Tuesday after falling to a 2-and-a-half-year low and closing its worst month with a slight surge in the previous session.
The dollar index which measures the strength of the greenback dollar against most major currencies traded stable at 91.91.
The euro, which managed to break through the 1.2000 level, slowed down following the recovery of the US dollar, which may have been largely due to profit-taking by investors before the end of November, as well as being influenced by Wall Street's poor performance.
Meanwhile, pound sterling trading remained volatile due to lack of progress in Brexit trade negotiations. The UK and the European Union (EU) have warned each other that time is running out to reach an agreement.
The risk-sensitive currencies, the Aussie dollar and the New Zealand dollar rose slightly early in the Asian session after recording losses in the previous session. The Reserve Bank of Australia (RBA) policy meeting at 11am this morning will be the main focus of the market which expects no change in current policy.
The Canadian dollar also weakened after strengthening to a 3-week high against the US dollar amid falling oil prices ahead of OPEC +'s decision on whether plans to increase production will be delayed.
However, confidence and expectations that the vaccine will be approved before the end of the year continue to support market sentiment which shows most major currencies remain highly traded.
