Going into the European session, investors are seen to be more cautious as the moment of publication of the United States inflation data approaches.
The US dollar remained traded stable with flat price movements even though the FOMC meeting minutes report released early this morning showed the Federal Reserve (Fed) remained hawkish.
The annual US consumer price index (CPI) is forecast to show an increase of 8.1% in September from 8.3% recorded in August.
If a higher figure is recorded, the US dollar has the potential to strengthen and the opposite situation will occur if the reading misses.
Meanwhile, the yen is on the verge of falling to its weakest level since 1990 as the currency continues to hit new 24-year record lows.
The Bank of Japan's (BOJ) stance to stick with loose policy has put the yen far behind other major currencies whose central banks are tightening.
Meanwhile, the pound confirmed that it will end its emergency bond buying program on Friday.
A report from Bloomberg suggests that UK Finance Minister Kwasi Kwarteng will blame the Bank of England (BOE) for a spike in bond yields or market turmoil next week.
On the other hand, the Aussie dollar, New Zealand and the euro remained flat ahead of the release of inflation data that could shake the market in the New York session.
