Investing.com - The dollar slid lower against a basket of other major currencies on Thursday, as sentiment on the greenback weakened ahead of U.S. economic reports to be released later in the day.
EUR/USD climbed 0.78% to 1.0629, easing off a 12-year low of 1.0495 hit overnight.
The euro remained under pressure after the European Central Bank began purchasing securities on Monday as part of an asset-buying program amounting to €60 billion a month.
Concerns over the situation in Greece also weighed, as the eurogroup of finance ministers continued talks in Brussels to discuss a reform package put forward by Greece as part of its bailout review.
The dollar was lower against the yen and the Swiss franc, with USD/JPY shedding 0.35% to 121.03,while USD/CHF dropped 0.72% to 1.0019.
Sterling gained ground, with GBP/USD advancing 0.42% to 1.4991.
In a report, the U.K. Office for National Statistics earlier said that the country's goods trade deficit narrowed to £8.41 billion in January from £9.93 billion in December, whose figure was revised from a previously estimated deficit of £10.15 billion.
Economists had expected the goods trade deficit to narrow to £9.7 billion in January.
AUD/USD rallied 1.13% 0.7682, off Wednesday's six-year lows of 0.7558, while NZD/USD jumped 1.49% to 0.7400.
The kiwi strengthened after the Reserve Bank of New Zealand held its benchmark interest rate at 3.50% and signalled that borrowing costs should remain unchanged through 2017.
Commenting on the decision, RBNZ Graeme Wheeler said "Our situation is quite different from some of those countries that have changed monetary policy or cut interest rates."
The economy is "growing at 3.25%, perhaps 3.5% and we're projecting it to continue to grow at those sorts of rates over the next two years," he added.
Elsewhere, USD/CAD retreated 0.64% to trade at 1.2665.
The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, declined 0.64% to 99.01.