The lack of key economic data on Wednesday’s trading session was seen as a factor to the currency market failing to exhibit more aggressive movements.
Even so, investors appear to be gearing up for the release of U.S. inflation data on Thursday, seeing 10 -year U.S. treasury yields rise to two -year highs.
However, the surge in bond yields failed to stimulate the US dollar to also record gains, instead the king of the currency traded flat which indirectly indicates investors' vigilance ahead of key inflation data.
The Federal Reserve (Fed) is already clearly saying about the next policy setting, where they are prepared to accelerate interest rate hikes if inflation continues to rise.
In the Asian session, the euro moved in tandem with the US dollar trading flat, showing it continuing to trade around 1.1410.
Meanwhile, the pound sterling has changed little amid political uncertainty in the UK after Prime Minister Boris Johnson surprised many by reshuffling his cabinet.
On the other hand, the Aussie dollar and kiwi continued to trade steady after recording modest gains earlier in the week, while the loonie dollar declined slightly due to the reduction in world oil prices which returned below $ 90 a barrel.
