The greenback edged lower on Thursday, slumping from the previous week’s five-month peaks before the release of major US growth figures, on the other hand the yen dipped to 34-year troughs.

The dollar index that gauges the greenback versus its major pairs slid by 0.2% at 105.445, having advanced over 106 the earlier week.

The greenback dipped further before the release of Q1 US GDP figures, which demonstrated how the US economy was robust n the start of 2024.

One of the anticipated figures is the PCE price index figures, that marks Fed’s favourite inflation gauge, scheduled to release on Friday.

EUR/USD added 0.3% to 1.0726, gaining ground following the forward-looking GfK German consumer climate report for May, which came in at -24.2, a slight improvement above the upwardly revised -27.3 recorded the previous month.

GBP/USD ticked up by 0.5% to 1.2521, with optimism rising following this week's record-breaking quickest expansion in activity for British businesses in almost a year.

USD/JPY edged up 0.2% to 155.67, with the pair jumping to a peak not seen since 1990, above the widely-anticipated 155 level.