On Tuesday, the dollar rose against most major currencies, recovering from a fall in the previous session on the eve of the start of a two-day meeting to determine the monetary policy held by Federal Reserve later today.
The EUR/USD fell 0.41% to 1.1043 from a two-week high at 1.1128 on Monday.
The dollar regained positions, as investors have focused on the upcoming Wednesday statement of the Federal Reserve's monetary policy, expecting to get any indication of a possible rise in interest rates.
The Fed chief, Janet Yellen, said that the central bank may raise interest rates in September if the economy continues to improve.
On Thursday, there is scheduled publication of US statistics on economic growth for the second quarter. The data is expected to show economic recovery after the recession in the first quarter caused by severe winter conditions.
The dollar also strengthened after the sell-off in the Chinese stock markets which undermined demand for risky assets.
On Monday, shares in Shanghai collapsed with maximum session rate in the past eight years and continue to decline on Tuesday, despite expectations of additional stimulus from the government.
USD/JPY has grown by 0.41% to 123.74, recovering from Monday's low at 123.00.
The USD index, which measures the dollar against a basket of six major currencies, rose 0.31% to 96.94 from a two-week low at 96.28 on Monday.
The dollar rose against the Swiss franc; USD/CHF rose 0.15% to 0.9641, but fell against the pound after data showed that economic growth in the UK accelerated in the second quarter.
Official data showed that the UK's gross domestic product rose 0.7% in the second quarter, as expected. UK economy in the previous quarter rose 0.4%.
The annual equivalent of the UK's economic growth in the second quarter amounted 2.6%, in line with expectations. In the first quarter, the UK economy rose 2.9% in annual terms.
GBP/USD pair rose 0.25% to 1.5598 after falling to 1.5529 in anticipation of the data.
Commodity currencies point a rise. The AUD/USD strengthened by 0.63% to 0.7313 after a six-year low on Tuesday, while the NZD/USD pair added 0.89% to 0.6662. The USD/CAD pair fell 0.15% to 1.3019.
The volatility in the Chinese stock market was reflected in the Australian currency because of the close trade ties between the two countries.