The June U.S. Dollar Index hit a five-week low as investors continued to react to the Fed's decision to lift interest rates at a gradual pace.
The dollar posted steep losses against major currencies on Wednesday after the Federal Reserve raised interest rates as expected but signaled a more gradual pace of monetary tightening this year than many in the market anticipated.
Fed Chair Janet Yellen pointed to the growing faith in the economy's trajectory as the U.S. central bank raised rates for the second time in three months.
Some traders had begin to suspect it would raise rates four times this year as the economy builds up steam. The greenback was pressured by the Federal Reserve's cautious interest rate outlook and investor concern over a potentially protectionist slant to a G20 meeting this weekend.
The euro was down 0.2 percent at $1.0736 after two days of gains against the dollar.
The euro, meanwhile, fell against the dollar after a poll showed far-right anti-EU leader Marine Le Pen extending her lead over centrist Emmanuel Macron in the first round of France's presidential elections. Finally, the JOLTS Job Openings rose to 5.63M, up from 5.54.
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The index was down nearly 1 percent overall for the week and 1.2 percent since the Fed hiked rates on Wednesday. "The rate hike was priced in and we got it".
The pound was 0.2 percent lower at $1.2267 after jumping 1.1 percent overnight. The 0.6 percent gain beat expectations for a 0.2 percent decline, while sales volumes were also solid, rising 0.7 percent. The kiwi had risen to a 12-day peak of $0.7050 the previous day. "They haven't had balance sheet strength, in fact they haven't managed to have loan loss provisions that US banks did early on in the cycle", Jonathan Bell, Chief Investment Officer at Stanhope Capital, told CNBC Wednesday. "The reason for the rates rally in the aftermath was the 5-10 year inflation print which fell to a record low of 2.2 percent, which was the lowest level since the survey started in 1979", said Aaron Kohli, an interest rate strategist at BMO Capital Markets in NY, in a research note.
Financial spreadbetters predicted a muted start to European stocks after Thursday's strong gains, with Britain's FTSE and Germany's DAX expected to open 0.1 per cent lower and France's CAC 40 seen starting the day flat.
Prices on benchmark 10-year Treasuries rose 24/32 to yield 2.508 percent, from 2.595 percent late on Tuesday.
Global benchmark Brent added nearly 0.1 per cent to $51.77 a barrel, and was headed for a 0.8 per cent weekly gain.
The metal built on those gains Thursday with April futures contracts on the Comex market in NY touching a high of $1,234.00 at the open, up 2.8% from yesterday's settlement level. Spot gold XAU= was up 1.6 percent at $1,217.81 an ounce by 3:01 p.m. EDT (1901 GMT), after rising to $1,219.36, the highest since March 7.