In an uncertain market environment heading into the end-of-week trading, the US dollar on Thursday was seen facing selling pressure after failing to maintain its previous positive pattern.
From the opening of the week until Wednesday, the US dollar has shown a gradual strengthening of its value to recover from last week's decline.
However, the momentum failed to continue when the king of currencies weakened again and erased the gains made in the past few days.
The US unemployment claims data published increased in the New York session yesterday while investors' attention will turn to the manufacturing and services PMI data today (Friday).
Analysts assess that the US dollar's depreciation situation is likely temporary as the tariff issue is still a factor of concern for the global market.
In addition, President Donald Trump is increasingly active in announcing new tariffs on imported vehicles, medicines and chips after last week announcing tariffs on steel and aluminum.
Trump also criticized Ukrainian President Volodymyr Zelenskyy over the war with Russia as US and Russian delegations were sent to Saudi Arabia this week for talks to end the war.
Other major currencies in the market showed a recovery as pressure on the US dollar began to ease.
The yen was among the best performers, rising to a fresh two-month high.
On the major charts against the US dollar, the euro returned to near last week's peak, the pound surged to a fresh nine-week high while the Aussie dollar hit a 10-week high.
Investors will remain wary of volatile markets and expect profit-taking activity in week-end trading.
