Positive sentiment in the market continued to lift major currency trading to post gains in the European session as market focus now shifted to the FOMC meeting minutes report to be published early Thursday morning (Malaysian time).
Concerns over the crisis in Eastern Europe continued to wane after there were reports that Russia had ended its military exercises in Crimea and began leaving the area.
Even so, US allies the European Union (EU) and the UK remain arguing that they see no sign of a reduction in the threat from Russia, suggesting an attack on Moscow could still happen.
Entering the European session market, the US dollar still recorded a depreciation as a safe-haven, while investors also took cautious steps ahead of the publication of the minutes of the FOMC meeting and US retail sales in the New York session.
While risk -sensitive currencies, the Aussie dollar and kiwi continued to show price rebounds to trade higher despite Chinese inflation data posting disappointing readings in January.
The pound, meanwhile, found support to rise from UK inflation data which showed an increase to its latest 30 -year high last month. The recorded figure sparked expectations for the Bank of England (BOE) to raise its interest rates again after two consecutive hikes previously.
In other developments, the euro remained holding gains following the decline exhibited by the US dollar.
