The dollar was little changed on Thursday after broad weakness in the previous session.
A slew of economic data included some relatively good news from the U.S. jobs front, as initial jobless claims fell to the lowest since May 2007.
Dismal Chinese export figures and a significant drop in U.S. stock prices boosted the dollar’s perceived value as a safe haven.
Still, there was scarcely any upside for the dollar after minutes of the Federal Reserve’s March meeting showed policy makers remain dovish on interest rates.
The buck eased slightly versus the euro, holding near $1.3880 for most the day. Technical support was seen as the dollar near a 2 1/2-year low set back in March.
There was little movement against the sterling after the Bank of England left the size of its bond-buying program unchanged and held its key lending rate at a record low of 0.5%.
The dollar held near $1.68, unchanged from yesterday’s close.
The yen, also favored as a safe haven, extended its recent gains against the dollar. The pair was below Y102 at last check.
In economic news, a report from the Labor Department showed that U.S. weekly jobless claims dropped to a nearly seven-year low.
Initial jobless claims dropped to 300,000 in the week ended April 5th, a decrease of 32,000 from the previous week’s revised figure of 332,000.
Chinese exports fell 6.6% from a year earlier in March, missing forecasts for a 4.2% gain. Chinese Premier Li said the government won’t take any short-term stimulus measures to give the economy a boost.