The US dollar continues to hover around the same price as Russia is still increasing its military influx in Ukraine despite many economic sanctions having been imposed on it.
Against most major currencies, the dollar index traded slightly lower at 96.67.
The decline provided little support for the commodity -linked currency, the Aussie dollar rising higher despite the Australian Central Bank (RBA) stating the Russia -Ukraine conflict has added new uncertainties to them.
The RBA kept interest rates unchanged at a policy meeting held during the Asian session today, giving an optimistic indication that a recovery continues to be reflected in economic data.
The New Zealand and Canadian dollars also posted gains to rise higher in the European session, following rising world crude oil prices.
However, a different movement was exhibited by the euro and the pound which continued to struggle to find support, seeing the euro slightly rise to trade above the 1.2000 price level against the USD.
Meanwhile, continued sanctions pushed the Russian currency, the ruble sinking to an all -time low that brought it slipping below 1 cent against the US dollar at the start of the European session.
Recent developments have seen Russian attacks still ongoing in Ukraine, where according to a BBC report, Moscow has fired consolidated shells into the second largest city of Kharkiv.
