Investing.com - The dollar was broadly lower against the other major currencies on Thursday as uncertainty over whether the Federal Reserve will unwind its easing program weighed.
During European late morning trade, the euro rose to two-week highs against the dollar, with EUR/USD climbing 0.32% to 1.2983.
Investors were looking ahead to the weekly U.S. report on jobless claims later in the trading day amid ongoing speculation over whether the U.S. central bank is moving closer to scaling back its USD85 billion-a-month asset purchase program.
The dollar pulled back from three-week lows against the yen, with USD/JPY rising 0.21% to 101.33, up from session lows of 100.47.
The yen strengthened against the dollar earlier Thursday as falls in Japanese equities saw investors seek out the traditional safe haven yen.
Elsewhere, the dollar was lower against the pound, with GBP/USD rising 0.18% to 1.5156.
Sterling found support after a report by mortgage lender Nationwide showed that U.K. house prices rose at the fastest annual rate since November 2011 in May, climbing 1.1%.
The dollar was weaker against the Swiss franc, with USD/CHF down 0.16% to 0.9601.
In Switzerland, official data showed that the economy expanded 0.6% in the first quarter, above expectations for growth of 0.2%.
The greenback was mixed against its Australian, New Zealand and Canadian counterparts, with AUD/USD adding 0.21% to trade at 0.9651, NZD/USD dipping 0.8% to 0.8089 and USD/CAD inching up 0.01% to 1.0347.
The Australian dollar was boosted after data showed that building approvals rose 9.1% in April, beating expectations for a 4% increase.
A separate report showed that private capital expenditure in Australia fell 4.7% in the first quarter, compared to expectations for a 0.8% rise.
Reserve Bank of New Zealand Governor Graham Wheeler said Thursday the bank is prepared to sell the currency to stem the appreciation of what he called an overvalued currency.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.20% to 83.49.
The U.S. was to release data on pending home sales later Thursday.
