The US dollar fell to its latest low of 2 and a half years against most other major currencies as the market entered the European session.
The giant currency continues to be under pressure following the Federal Reserve's decision to keep interest rates at a low as congressional negotiators are now reportedly close to reaching an agreement on US stimulus package negotiations.
The weakness of the US dollar has benefited most major currencies to break through the latest annual highs in today's trading session.
The euro strengthened at 1.22290, the highest level since April 2018, driven by the depreciation of the US dollar and encouraging European Zone manufacturing and services data.
The pound sterling jumped to 1.35800, the strongest level since May 2018, lifted by market confidence that the Brexit trade agreement could be reached.
The safe-haven currency, the Japanese yen rose to a 9-month high and strengthened at 103.20, while the Swiss franc soared to almost 6 years against the USD after the Swiss Central Bank (SNB) maintained interest rates at today's policy meeting.
On the other hand, the Aussie dollar traded higher at its latest two-and-a-half-year high of 0.762600 against the USD after being supported by higher-than-expected employment data, raising market expectations for a faster Australian economic recovery.
While the kiwi dollar also broke its latest 2-and-a-half-year high of 0.715500 against the USD, data driven on Thursday showed New Zealand's economic growth was higher than the market forecast.
In addition, the Canadian dollar benefited from the depreciation of the US dollar and rising crude oil prices with strong trading around the 2-and-a-half-year high.
