The dollar index fell 0.20% as lower crude prices and declining bond yields weighed on the greenback, while gold and silver prices surged on renewed safe-haven demand.
WTI crude oil fell more than 2% on the day, easing inflation expectations and pressuring the dollar.
The dollar index fell 0.20% from a 1.5-month high as lower crude and T-note yields weighed, though strong jobless claims limited losses.
Gold prices rose 0.46% as a weaker dollar and falling bond yields boosted demand for precious metals.
Silver prices jumped 2.39% to a one-week high, outperforming gold on the weaker dollar and lower yields.
EUR/USD recovered from a 1.5-month low as a weaker dollar and lower crude prices supported short covering in the euro.
USD/JPY declined 0.35% as lower crude prices and falling T-note yields supported the yen, with markets pricing a BOJ rate hike.
The dollar index retreated 0.20% from a 1.5-month high as falling WTI crude prices and lower T-note yields eased inflation concerns. Despite the dip, strong U.S. jobless claims data provided a floor for the greenback, while precious metals rallied on the back of a weaker dollar and cooling bond yields.
Gold and silver prices rose due to a weaker dollar, falling global bond yields, and lower crude oil prices, which eased inflation expectations.