The U.S. dollar held small gains over most rivals Thursday ahead of the release of weekly initial U.S. jobless claims.
The dollar rebounded from recent lows on Wednesday, buoyed by modest safe-haven flows on ideas a nine-week rally by equity markets had been overdone.
"The U.S. dollar has entered a consolidative phase near its recent lows. The downside momentum that seemed so strong in recent days has eased, but the tone remains fragile," wrote strategists at Brown Brothers Harriman.
It's unclear if the consolidation will lead to a broader dollar recovery, they wrote, noting that Thursday's economic calendar is light, with jobless claims and the latest producer price inflation data due at 8:30 a.m. Eastern.
The dollar index , a measure of the greenback against a trade-weighted basket of six major currencies, traded at 82.756, up from 82.571in late North American trade Wednesday
The dollar rose to 95.36 yen from 95.25 yen versus the Japanese currency.
