The dollar remained uncertain versus other major currencies Thursday morning in New York as the mood improved on Wall Street ahead of key retail sales figures.

Retailers are reporting same-store sales figures for April all morning long. Chain store sales are an key indicator of retail sales and consumer spending habits.

Employment will likely be back in focus, with weekly initial jobs claims due to be released at 8:30 a.m. ET. At the same time, U.S. international trade gap data as well as import and export price data will also be made public.

At noon, National Economic Council Director Lawrence Summers is scheduled to speak to the Economic Club of Washington.

The markets will be closed on Friday in observance of the Good Friday holiday.

The Bank of England retained its key interest rate at a record low Thursday morning, as expected.

At the end of two-day rate setting meeting, the Monetary Policy Committee of the Bank of England decided to hold the interest rate at 0.5%. The interest rate now stands at the lowest level since the central bank was established in 1694.

Still, the dollar saw little movement versus the sterling for a fourth straight day. The was slightly firmer than its overnight levels, inching a penny higher from its overnight levels to 1.4642.

Last week, the dollar came under heavy pressure versus the sterling, culminating in Monday's 2-month low of 1.4958.

The dollar also saw choppy trading versus the euro, paring its early losses as stock futures moved off their early highs. With risk averse traders not willing to take the plunge back into higher-yielding currencies, the dollar has been steady near 1.3250 for past two days against the euro.

The German government launched the takeover of the troubled Hypo Real Estate Holding AG (HRXG.DE), the investment bank that has been bailed out with more than EUR 100 billion (USD 132.8 billion) in guarantees, to stabilize financial markets in the wake of the worst global economic crisis since the Great Depression of the 1930s.

The dollar continued to hover right around the century mark versus the yen Thursday morning, having leveled off after hitting a multi-month high of 101.43 on Monday. Earlier this year, the dollar touched a 13-year of 87.08 yen, but has rallied amid concerns about the health of Japanese economy.

Japan's ruling Liberal Democratic Party (LDP) has approved fresh stimulus spending of JPY 15.4 trillion (USD 154 billion) to resuscitate the world's second-biggest economy from its deepest recession since World War II, reports say.

The figure amounts to 3.1 percent of Japan's gross domestic product and will be the largest ever for a single year, surpassing former Prime Minister Keizo Obuchi's JPY 8.5 trillion stimulus during the Asian financial crisis in 1998.

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