The euro hit a 4-month low against the US dollar at 1.1822 before recovering slightly as investors still bet on the strength of the dollar, but as the US withdaw from the Iranian nuclear deal and uncertainty in Italy, EURUSD still under pressure.
The dollar index hit its highest level since December 27 at 93.28 before retreating slightly and is currently trading at 93 levels.
While talking about investors looking for safe havens before US President Donald Trump announced a withdrawal from the nuclear deal, the decision was more influential in oil markets, with crude oil prices rising to $71.14 a barrel the highest since late November 2014.
The pound continued to trade under pressure near its year-lows since the beginning of 2018 at 1.3580 levels as expectations of the Bank of England raising interest rates in tomorrow's meeting are erased due to mixed economic data and concerns about the UK government's dispute over the relationship with the EU after the exit.
Markets are awaiting the RBNZ meeting today, which is widely expected to remain unchanged at 1.75%. The quarterly monetary policy report will be published, followed by the press conference of Adrian Orr, the new governor of the New Zealand Reserve, who will testify before the Parliament later.
