The Greenback was supported by an unexpected drop in jobless claims last, but pared its gain against most of its peer amid mixed sentiments, after stocks gained this morning and treasuries, spurring the appeal for higher-yielding assets.
The U.S Department of Labor reported today that applications for unemployment insurances dropped by 12 thousand to 367 thousand in the week ended January 28, beating median forecast of 371 thousand and adding to signs the labor market is strengthening.
The euro depreciated as Greece continue to struggle to reach an agreement with its creditors on trimming the nation's debt burden, fueling more concerns that Europe's debt crisis is falling into a deeper rabbit-hole. Greek debt-swap talks are yet to resume this week.
Meanwhile, the dollar fell against its peers, driving the dollar index, which measures the performance of the U.S dollar against its most-traded counterparts, slightly up from the opening level of 78.84 to currently trade around 78.92 levels, recording the highest level of 79.20 and lowest of 78.73.
The yellow shiny metal surged from the opening level of $1745.16 to currently trade around $1755.95 an ounce, while oil futures dropped the most in a month to currently trade around $95.81 a barrel from the opening level of $97.49.
The 17-nation currency was little changed against the dollar, driving the EUR/USD pair to trade around $1.3148 after recording the highest level of $1.3196 since the opening level of $1.3148, while printing the lowest level of $1.3085.
The British pound steadied against the greenback following yesterday's rally, sending the GBP/USD pair to around $1.5804 after opening at $1.5845, while recording the highest level of $1.5859 and lowest of $1.5796.
Finally, the dollar consolidated versus the Japanese Yen, driving the USD/JPY pair to steady around ¥76.14 from the opening level of ¥76.19, while setting the highest level of ¥76.20 and lowest level of ¥76.04.