The Market can stay irrational longer than you can stay solvent
The Shared currency extended losses to $1.2076 after data showed German retail sales plunged by more than forecast in December, with the continent still struggling with vaccine rollouts.
The Pound sterling drifted lower to $1.3685 with just days to go until the Bank of England delivers its monetary policy decision and its eagerly anticipated report on the feasibility of negative rates.
The Japanese yen slipped to 104.95 against the U.S dollar on broad-based USD strength fueled by economic activity in the US manufacturing sector continued to expand at a strong pace in January.
The Aussie dollar trickled to $0.7628 despite the Reserve Bank of Australia sounded cautiously upbeat on the outlook as it left the cash rate on hold Tuesday, and signaled it does not expect to hike rates before 2024.
South Africa's rand traded firmed at 15.01 per U.S dollar as yield-seeking investors made tentative bets on the volatile currency amid risk aversion elsewhere in emerging markets.
The dollar-rupee stayed put at 40.05 (selling).
13:00 - EUR - Italian GDP (QoQ) (Q4)