Wednesday saw a further increase in the value of the US dollar following the earlier day climb, supported by high yields on US Treasury bonds and concerns shifted that worried Wall Street.

Due to the holiday-closing of the Japanese markets and investors' anticipation of significant U.S. economic data, such as the minutes from the Fed's December meeting, trading was comparatively muted.

In an attempt to determine how many interest rate cuts the Fed will really implement this year, investors will closely examine the minutes of the December meeting of the Fed, which are scheduled for release today.

The dollar index that gauges the greenback versus its major pairs ticked up by 0.22% to 102.47, mounting on the previous day rise of 0.086%.

EUR/USD dropped 0.2% at $1.092, touching a low level not seen since December 19. The pair previously dropped by 0.95% its biggest slump in 6 months.

GBP/USD muted at $1.2622. It dropped 0.87% in the earlier session, its steepest drop in average three months.

USD/JPY edged up by 0.61% at 142.84, extending the 0.82% gain from the previous day.