US dollar gains eased in early European session trading, providing support for several major currencies to rebound.
Earlier, the currency king was supported as a safe-haven due to concerns sparked by the gloomy report of First Republic Bank.
It was reported that the bank lost $102 billion in customer deposits and a record loan of up to $92 billion in the first quarter.
This pushed the stock to its lowest level after losing almost 50% on Tuesday.
Following the re-depreciation of the greenback, the euro traded higher at around 1.0200 in the European session.
The pound also got a push to bounce back from the previous fall by trading higher at 1.2460 against the US dollar.
Contrast that with risk-sensitive currencies, which saw the Aussie and New Zealand dollars trade bleak against the greenback.
Australian inflation data that showed a relatively sharp drop in consumer prices in the first quarter and March added pressure on the Aussie dollar to slip further to 6-week lows.
Meanwhile, the yen continues to maintain its strengthening as a safe-haven to be traded stronger than major currencies, including the US dollar.
Market focus now shifts to the release of US durable goods orders data in the New York session which could be indicative of the manufacturing sector in the giant economy.
Also in focus is the release of several corporate earnings reports that may affect currency market movements following the uncertainty in global stocks.
