The dollar extended its risk-appetite-inspired decline Thursday after a successful 30-year Treasury auction.
The greenback fell to intraday lows against the euro, U.K. pound, yen and Swiss franc.
Higher demand for Treasurys on Thursday contrasted with an operation a day earlier that had largely disappointed traders. The auction helped to reverse the recent rise in yields, and the dollar fell in a knee-jerk reaction.
Lower yields mean dollar-denominated assets get lower returns and undermine expectations that the Federal Reserve could have to hike interest rates this year.
"The global economic recovery had been overpriced," said Jessica Hoversen, a fixed-income and foreign exchange analyst at MF Global in Chicago.
The dollar had already been on a downtrend Thursday, with a rise in commodities and stocks.
The rise in risk appetite came after retail sales and jobs data Thursday that suggested the economy continues to edge toward stabilization.
The euro recently rose as high as $1.4148, and the pound gained to $1.6609. The dollar fell to JPY97.34 and CHF1.0671.
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