Prior to the publication of the Federal Reserve's most recent meeting minutes, the U.S. dollar declined once further in early European trade on Tuesday, hitting a low point that has been reached in over two months.

The dollar index that gauges the greenback versus its major pairs dipped by 0.2% to 103.135, slumping to level not witnessed since the end of last August.

Due to traders' speculation that Fed will halt rate hikes, the dollar index has declined in seven of the last eight sessions. These speculations are based on weaker labor market and inflation indicators.

The minutes of the Fed’s October meeting are due later in the session. This was the meeting where the policy makers decided to keep rates on hold, and could provide more cues on monetary policy.

EUR/USD added 0.2% to 1.0955, ascending to its highest point since the middle of August, despite the eurozone's continued sluggish economic growth.

GBP/USD advanced 0.2% to 1.2532, reaching nearly a two-month high, and even after the UK saw the biggest monthly decline in the annual CPI rate.

USD/JPY edged down by 0.6% at 147.47, with the yen versus the dollar reaching its highest point in three months, traders are reducing their wagers that Japanese authorities will have to step in to stabilize the currency markets.