The US dollar's reaction to the publication of the FOMC meeting minutes report was not as expected although it is increasingly clearly signaling an interest rate hike next month.
However, the Federal Reserve (Fed) did not elaborate on how much they would raise rates and it was seen as less hawkish by markets who expected them to signal a 50 basis point hike.
During the Asian session, the dollar index, which measures the strength of the greenback against most major currencies, hovered at 95.80.
In addition, the US dollar also failed to react to US retail sales data which showed an encouraging reading in January with an increase of 3.8% from a contraction of 2.5%.
The gloom of this currency trading giant has provided an opportunity for its other major competitors to continue to post profits.
These gains also did not stop even after the United States and the Estonian Foreign Intelligence Service claimed Russia had sent back its military forces to the Ukrainian border.
This situation is seen to be able to return risk into the market, but the reaction displayed by most currencies is the opposite.
The euro still maintained its previously earned gains even though trading looked relatively flat. While the pound also held on around 1.3580 against the USD with support from positive UK inflation data.
