Markets were little changed in the European session, seeing the US dollar erase some of the gains made in the previous session.
Dismal US retail sales data in December has fueled market jitters over a possible recession in the world's giant economy.
This has supported safe-haven trades to rise, especially the US dollar and the Japanese yen.
However, the gain recorded by the US dollar failed to drive its rise higher even though it also received support from the hawkish statements of the Federal Reserve (Fed) policy makers.
Against most major currencies, the dollar index traded hovering around an 8-month low of 102.21 during the European session.
In the absence of key data, the currency king is expected to continue to move slowly towards the end of the week.
Meanwhile, the yen remained trading higher at an 8-month high after investors shrugged off disappointment from the Bank of Japan's (BOJ) policy announcement on Wednesday.
The euro edged up slightly, while the pound was flat in the European session with each remaining trading around monthly strongest levels against the USD.
Risk-sensitive currencies, the Aussie and New Zealand dollars traded lower, with each weighed down by dismal Australian jobs data and Prime Minister Jacinda Ardern's surprise announcement to resign.
