Investing.com – The U.S. dollar was down against all of its major counterparts on Thursday, as risk appetite sharpened, spurring increased demand for higher yielding assets, while concerns over U.S. debt weighed.
During European morning trade, the greenback was down against the euro, with advancing 0.73% to hit a 16-month high of 1.4626.
The greenback was also lower against the pound, with rising 0.58% to hit 1.6504.
Elsewhere, the greenback was down against the yen and the Swiss franc with shedding 0.56% to hit 82.09 and dropping 0.55% to hit 0.8832.
In addition, the greenback was lower against its Canadian, Australian and New Zealand cousins, with shedding 0.44% to hit 0.9483, climbing 0.30% to hit 1.0747 and gaining 0.38% to hit 0.8008.
Earlier in the day, official data showed that Australian producer price inflation rose more-than-expected in the first quarter, driven by rising fuel and food costs.
The dollar index, which tracks the performance of the greenback versus a basket of six other major currencies, was down 0.60% to hit a three-year low.
Later in the day, the U.S. was to publish official data on initial jobless claims and house prices. Also Thursday, the Federal Reserve Bank of Philadelphia was to publish an index of manufacturing activity.