Markets moved flat in the European session as investors now focused on the release of key data from the United States.
The US dollar continues to struggle to register an increase even though the minutes of the Federal Reserve (Fed) meeting are considered hawkish by the market.
Minutes of the Fed's latest meeting released early this morning show policymakers agree that the central bank needs to slow down aggressive rate hikes.
However, at the same time the central bank reiterated its stance to rein in inflation, saying high rates will remain for longer and there will be no cuts this year.
At the time of writing, the dollar index which measures the greenback's strength was trading little changed at 104.26 against a basket of major currencies.
In essence, overall currency movements were seen flat in today's trading session with investors now awaiting the release of private sector ADP employment data in the New York session.
The figures recorded in the ADP data will be used as an indication for the release of the NFP employment report on Friday.
Following the development of major currencies, the euro moved flat at around 1.0625 while the pound declined slightly at 1.2022 against the US dollar.
Meanwhile, the Aussie and New Zealand dollars were little changed, trading at 0.6820 and 0.6280 against the greenback respectively.
