The euro and sterling rose after suffering their worst days in a month on Tuesday, when the dollar was buoyed by a jump in US Treasury yields.
However, early gains had fizzled out, with investors wary of the next move in the debt market.
The euro zone’s single currency was trading at $1.1346, up slightly on the day and down from a previous high of $1.1369.
The pound was trading 0.1% higher at $1.3622 and the yen was marginally higher at 114.26 per dollar.
The movements left the dollar index, which compares the greenback against six currency pairs, at 95.563 units, down 0.1% in the session.
The dollar has not performed as well as expected recently, despite a dramatic rise in expectations that the US Federal Reserve will start raising interest rates as early as March to curb runaway inflation.
Yields on the benchmark 10-year Treasury note were trading at 1.8379%, down from a two-year high of 1.902% hit on Wednesday.
Source From: Ambito
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