A quiet day following the holiday in the United States saw investors with mixed trading in the US dollar and strengthening commodity currencies.
Investors are now waiting for a new catalyst to move the market which is expected to be active again ahead of the release of the FOMC meeting minutes report.
It is then followed by US employment data with ADP, JOLTS and jobless claims reports on Thursday, as well as NFP on Friday.
The dollar index appears to have firmed back above 103.00, weighed down by the euro falling below 1.1900, making it one of the worst performers among major currencies.
Although not high-impact data, investors will focus on the release of the final European Zone PMI reading for June as well as the producer price index (PPI).
Meanwhile, the pound strengthened slightly in the European session before reducing some gains in the next session to trade around 1.2710 against the USD.
The yen rose slightly against the greenback, but remained frantic at its lowest level since November 2022.
Additionally, the Aussie dollar commodity-linked currency recovered from a fall following the Reserve Bank of Australia's (RBA) decision to keep interest rates unchanged.
The Aussie dollar initially edged lower, before rebounding as investors still saw that the RBA would go ahead with its next rate hike.
The New Zealand dollar continued to extend its strengthening by rising higher to around 0.6198 against the greenback, while the Canadian dollar moved flat after rising in the previous session.
