The decline of the greenback dollar in the European session has provided an opportunity for its main rivals to rebound.
In the previous session, the king of the currency had hit a three -week high against the yen following a 10 -year increase in U.S. treasury yields.
Still, the strengthening momentum of the US dollar faltered again as the market stepped into the European session, prompting most major currencies to record gains.
The decline may be due to investor vigilance ahead of the publication of US ADP private sector employment data in the New York session will give a clue to the reading of the NFP report on Friday.
Jobs in the US private sector are projected to increase by 295,000 in May, while the number of jobless claims last week is expected to increase similar to the previous week, by 210,000.
Following the decline, the euro gained little to bounce back from the fall recorded on Wednesday.
European Central Bank (ECB) policymaker Francois Villeroy de Galhau continues to reiterate his hawkish statement that policy normalization is needed because inflation in the European Zone is too high and widening.
Commodity currency trading also strengthened, showing the Canadian dollar stabilizing at a one-month high as investors now await an OPEC decision that will give signs that the cartel will raise production following sanctions imposed on Russia.
