In investing, what is comfortable is rarely profitable
The Shared currency extended gains to $1.2245 as U.S. Federal Reserve officials reiterated that any inflation would be transitory and the Fed will maintain its current dovish monetary policy.
The Cable retreated to $1.4152, undermined by a lack of positive drivers for the British currency.
The Japanese yen ticked down to 108.82 against the greenback after Bank of Japan's board member Hitoshi Suzuki said earlier in the day that the central bank should prevent its holdings of exchange-traded funds from increasing as much as possible during calm periods in the market.
The Aussie dollar extended gains to $0.7782 on the back of upbeat Australian Construction Output released earlier today.
The Loonie dropped to 1.2052 against the U.S dollar, pressured by a drop in domestic manufacturing sales in April.
South Africa's rand hit its firmest in 22 months on Tuesday at 13.84 as the U.S. dollar drifted lower after Federal Reserve officials calmed investor concerns about inflation.
The local pair idled at 40.85(Selling) this morning post central bank's intervention yesterday.
18:30 - USD - Crude Oil Inventories