The king of the US dollar remained under pressure, far behind its main rivals, after being shown with a weak US inflation reading in January.
The inflation rate met market expectations to rise 0.3% last month, slightly down from the 0.4% previously recorded. Meanwhile, core inflation was zero compared to expectations for a 0.2% increase.
In addition to inflation data, the market is also examining the speech of Federal Reserve (Fed) Chairman Jerome Powell reiterating his commitment to keep interest rates low as targets for strong jobs are still far away.
Against a basket of major currencies, the greenback dollar traded weak around its two-week low of 90.44.
The weakness of the US dollar continues to benefit the euro trade to remain strong above the price level of 1.21000.
The Aussie dollar was slightly below its two-week high yesterday, while the kiwi dollar traded stable.
The pound depreciated slightly in the Asian session after hitting its latest high of 1.3865, the highest level in more than two years in the previous session.
The trading session of the Asian session was seen to be slow following the start of the Chinese New Year holiday, leaving investors far from the market.
