The USD declined in the European session
Data & FOMC meeting minutes are the focus
Aussie dollar climbs 2% following China report
Investors were once again exposed to uncertain market movements in the European session which showed the US dollar investment.
At the time of writing, the dollar index, which measures the greenback's strength, was down 0.7% at around 103.93.
The currency king, had previously found support to surge on Tuesday which saw most currencies plummet.
However, the opposite situation occurred in today's trading session which featured a surge in major currencies, particularly the Aussie dollar which bounced over 2%.
The Aussie dollar's strengthening was linked to recent reports that China is considering ending some of its restrictions on Australian coal imports.
At the same time, its strength was also supported by the weakness of the greenback dollar, which was also followed by the increase of the New Zealand dollar by around 1.5%.
Meanwhile in Europe, the euro gained 0.7%, while the pound sterling gained 0.9% following the depreciation of the US dollar.
The yen also benefited, posting an increase of about 0.6% amid expectations that the Bank of Japan (BOJ) will soon exit its ultra-loose policy.
In general, there is still no clear factor driving the market with high price volatility continuing to cause uncertainty in currency movements.
The United States manufacturing data and the meeting minutes report scheduled to be published in the New York session, are now the main focus of the market.
