Improved market sentiment kept the US dollar trading lower against its main rivals.
This also saw green adorning the global stock market which signaled that investors temporarily put aside fears of a recession following a better-than-expected US corporate earnings report.
Even so, investors need to be cautious as expectations for interest rate hikes by the Federal Reserve (Fed) remain unchanged and support the US dollar.
Turning to European currencies, the pound is still holding on to the gains it made earlier in the week despite a slight decline on Tuesday.
Earlier in the European session, there were reports that the Bank of England (BOE) may delay its bond sales program until next week.
Focusing on pound currency investors today is the publication of UK inflation data to be published in the European session which is expected to record a slight increase in September from the previous month.
Meanwhile, the euro remained trading higher amid expectations that the European Central Bank (ECB) will take another big step in raising interest rates at its next meeting.
On the other hand, the Aussie and New Zealand dollars also benefited from the positive sentiment in the market, while the kiwi dollar was also supported by stronger New Zealand inflation data in the third quarter.
