The dollar held steady near its lowest level since early October on Wednesday after data showed continued weakness in the labor market, prompting investors to remain on edge regarding the timing of a potential interest rate cut.
The euro traded at $1.1751 in Asia, down from a 12-week high reached in the previous session ahead of the European Central Bank's monetary policy decision on Thursday, where the bank is expected to keep interest rates unchanged.
The dollar index, which measures the US currency against six major rivals, approached its lowest level since October 3, reaching 98.193 on Tuesday. The index has fallen 9.5 percent this year and is on track for its biggest annual decline since 2017.