On Tuesday, the dollar continued to fall against its global counterparts against the backdrop of strengthening Asian currencies.
At the same time, forex experts believe that the reason for the dollar's decline is profit-taking by traders, as well as their reluctance to open large positions in anticipation of important events in the US.
The USD/JPY fell 0.07% to 151.31 after Japan's Finance Minister, Shunichi Suzuki, said he would not rule out measures to boost the yen.
Earlier in the day, Masato Kanda, Deputy Finance Minister for International Affairs, also said that the Bank of Japan is ready to respond accordingly to currency movements, Reuters reported.
The US dollar index .DXY, which tracks the greenback against six major currencies, was down 0.1 percent at 104.1.
The EUR/USD was up 0.13 percent at 1.0850, while the GBP/USD was up 0.14 percent at 1.2651.
European currencies are rising as expectations for a June interest rate cut by the Federal Reserve (Fed) led to a significant decline in the US dollar. However, the Bank of England indicated in its latest statement that its interest rates have peaked, but steady inflation suggests that the central bank will not cut rates before the Fed.
AUD/USD and NZD/USD rose 0.05% and 0.22% to 0.6542 and 0.6014, respectively.
Meanwhile, USD/CNY jumped 0.12% to 7.2188 despite China's state-owned banks selling dollars for yuan in domestic markets.
Market attention has now shifted to Friday's release of core PCE data and Fed Chairman Jerome Powell's speech.
The core US personal consumption expenditures (PCE) price index is expected to rise 0.3% in February, while the annual pace will remain at 2.8%.
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