The U.S. dollar traded mixed to higher against the most major currencies after the better-than-expected U.S. construction spending. The U.S. construction spending rose 1.1% in October, exceeding expectations for a 0.6% gain, after a 0.1% decline in September. September's figure was revised up from a 0.4% drop.

The Federal Reserve Vice Chairman Stanley Fischer said at a forum in Washington on Tuesday that the Fed could delay its interest rate hike if inflation declines. He added that interest rate hike would be driven by the economic data.

The Federal Reserve Chair Janet Yellen said nothing about current economic situation and monetary policy on Tuesday.

The euro traded lower against the U.S. dollar. Eurozone's producer price index fell 0.4% in October, missing expectations for a 0.3% increase, after a 0.2% rise in September.

The British pound traded lower against the U.S. dollar. The U.K. construction PMI decreased to 59.4 in November from 61.4 in October, missing expectations for a decline to 61.2.

The New Zealand dollar decreased against the U.S. dollar. In the overnight trading session, the kiwi traded slightly higher against the greenback in the absence of any major economic reports from New Zealand.

The Australian dollar traded mixed against the U.S. dollar. In the overnight trading session, the Aussie rose against the greenback after the Reserve Bank of Australia's interest rate decision. The Reserve Bank of Australia (RBA) kept its interest rate unchanged at 2.50%.

The RBA Governor Glenn Stevens said that "the most prudent course is likely to be a period of stability in interest rates".

Australia's current account deficit fell to A$12.5 billion in the third quarter from A$13.9 billion in the second quarter, beating forecasts for a decline to A$13.5 billion. The second quarter's figure was revised down from a deficit of A$13.7 billion.

Building approvals in Australia climbed 11.4% in October, exceeding expectations for a 5.2% gain, after a11.2% decrease in September. September's figure was revised down from a 11.0% drop.

The Japanese yen traded mixed against the U.S. dollar. In the overnight trading session, the yen traded lower against the greenback due to stronger U.S. currency. Yesterday's cut of Japan's rating still weighed on the yen. Moody's cuts Japan's rating to A1 from AA3.

Labour cash earnings in Japan climbed 0.5% in October, missing expectations for a 0.8% increase, after a 0.7% gain in September. September's figure was revised down from a 0.8% rise.

Japan's monetary base increased 36.7% in November, missing expectation for a 37.2% gain, after a 36.9% rise in October.