The U.S. dollar traded higher against the most major currencies. The U.S. currency was still supported by yesterday's better-than-expected U.S. labour market data. U.S. companies added 288,000 jobs in June, exceeding expectations for an increase by 211,000 positions, after a gain of 224,000 jobs in May.

The unemployment rate in the U.S. dropped to 6.1% in June from 6.3% in May. That was the lowest level since September 2008.

Markets in the U.S. are closed for the Independence Day holiday on Friday.

The euro traded lower against the U.S. dollar due to the weaker-than-expected German factory orders. German factory orders decreased 1.7% in May, missing expectations for a 0.8% fall, after a 3.4% gain in April. April's figure was revised up from a 3.1% increase.

On a yearly basis, German factory orders rose 5.5% in May, after a 6.3% increase in April.

The British pound traded lower against the U.S. dollar in the absence of any major economic reports in the U.K.

The New Zealand dollar traded lower against the U.S dollar due to yesterday's strong U.S. labour market data. No economic reports were released in New Zealand.

The Australian dollar traded lower against the U.S. dollar in the absence of any major economic reports in Australia. Yesterday's strong U.S. labour market data and comments by the Reserve Bank of Australia (RBA) Governor Glenn Stevens still weighed on the Australian currency. The RBA Governor said that the Australian dollar remains high by historical standards and investors are underestimating the probability of a significant fall in the Australian dollar at some point.

The Japanese yen traded higher against the U.S. dollar in the absence of any major economic reports in Japan. Yesterday's strong U.S. labour market data still weighed on the yen.