The euro rose 0.05% to $1.0652, after having fallen 0.36% in the previous session.
"I think the euro is still in a sort of more difficult situation, given that there's a general sense that the ECB still has more work to do, and that puts a little bit of strain in terms of their growth outlook." "Upside pressures to inflation prevail, so unless the wheels fall off the economy soon, another 50bp hike seems likely at this stage," said Matt Simpson, senior market analyst at City Index.The Aussie slumped 0.31% to $0.6835, pressured by Wednesday's data showing that Australian wages grew at the fastest annual pace in a decade last quarter, but remained short of market forecasts. That could lessen the pressure for further aggressive hikes in local interest rates.
Markets have since raised their expectations of how high the Federal Reserve would need to lift rates to tame inflation.
In order to stabilize international gold prices, the dollar's strength must be maintained.
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