The greenback witnessed slight gains vs its major competitors on Thursday, buoyed by solid economic figures that implies that in order to lower inflation in decades, the US Federal Reserve may need to continue tightening its monetary policies.

The dollar index that gauges the greenback versus its major pairs advanced by 0.06% greater than the closing value of 104.57, but not quite as high as the day's peak of 104.78.

The dollar has been strengthened this month by a string of better-than-expected data points and recent statements from "a few" policymakers advocating for more interest rate increases. In addition, the number of new applications for unemployment benefits filed by Americans unexpectedly decreased last week, indicating both a strong U.S. economy and a tight labor market.

EUR/USD dipped 0.09% in late New York trading, stayed restricted to the $1.0597 range.

GBP/USD slipped 0.22% at $1.2017, ignoring signs from the most recent PMI survey that suggest another rate hike by the Bank of England is likely in March.