On Thursday, the dollar continued to fall against other major currencies as the Chairman of the Board of Governors of the Federal Reserve, Janet Yellen, confirmed all predictions and comments made on Wednesday and increasing uncertainty about the timing of the next rate rise.
USD/JPY fell 1.24% to 111.93, still holding at 15-month low of 111.00, reached earlier in the session.
On Thursday, in a speech before the Senate Banking Committee, Yellen reiterated that the US economy is on the road to recovery, but acknowledged that the financial conditions in the country deteriorate amid weakening of the world economy and the fall in the US stock market.
Yellen, speaking in Congress on Wednesday, said that there is good reason to believe that the US economy will remain on a path of moderate growth that will allow the Fed to conduct "gradual change" of monetary policy.
The dollar rose moderately after the US Labor Department reported the number of initial applications for unemployment benefits for the week ended 6 February fell 16000 to 269 000 from 285 000 the previous week.
Analysts had expected a reduction in the number of applications last week by 4000 to 281000.
EUR/USD rose 0.47% to 1.1347, holding at 3.5-month high of 1.1354 reached earlier.
The dollar edged higher against the pound, GBP/USD pair fell 0.58% to 1.4440, and slightly got lower against the Swiss franc: USD/CHF fell 0.08% to 0.9734.
Meanwhile, the Australian and New Zealand dollars fell; AUD/USD pair fell 0.28% to 0.7076 and NZD/USD fell 0.25% to 0.6668.
USD/CAD rose 0.39% to 1.3983, as earlier on Thursday oil prices fell to three-week low below $ 27 a barrel.
USD index, which indicates the ratio of the dollar against a basket of major currencies, was down 0.34% to four-month low of 95.51.