The Bloomberg Dollar Spot Index pared Asia-session losses while commodity currencies traded in the green amid thin flows in spot and options markets. 

Trading in cash Treasuries is closed for the Independence Day holiday in the US; DTCC data show Asia currencies trade near recent averages, yet on aggregate, volumes run at 70% of averages.

Kiwi leads gains in G-10, followed by Norway's krone and the Aussie as e-minis erase losses and oil futures extend an early advance.

The Australian dollar whipsaws; it flipped to a loss after the Reserve Bank left its key rate unchanged to assess the impact of its yearlong tightening cycle, only to recover after the Tokyo fix.

AUD/USD slid as much 0.5% to 0.6642, and now trades 0.2% higher at 0.6683.

Further declines in the Aussie were capped as the RBA said more monetary policy tightening may be required to ensure that inflation returns to target.

EUR/USD down 0.2% to 1.0894 day low; bidding interest, mostly on an options-related basis, seen at 1.0850, a Europe-based trader says.

GBP/USD little changed at 1.2697.

USD/JPY drops as much as 0.2% to 144.34; it touched 145.07 last week, the highest since November.

Source : Bloomberg