The dollar pushed higher against major currencies, rebounding after its recent losses. Trade was rangebound, however, ahead of a very quiet day for data, with investors remaining cautious ahead of tomorrow's meeting of euro zone rate-setters. Though the European Central Bank is fully expected to leave interest rates on hold tomorrow, the market will be keeping a close eye on the subsequent press conference for clues as to the timing of the next hike. "The dollar's corrective rebound has remained shallow, suggesting that the strong downward momentum established since the start of the year is set to be resumed," analysts at BNP Paribas said. With yesterday's ZEW index of German economic expcetations coming in at its highest level in two years and raising expectations of further rate hikes, focus is soon likely to turn back to the prospect of higher euro zone rates while the US approaches a peak. "We expect European rate expectations to increase further supporting the euro," the analysts said. Meanwhile, they said comments from the research chief at the PBoC that China is unlikely to sell dollar assets to diversify holdings, have also provided support to the dollar, but the euro is likely to hold up above the 1.2030 usd level.