The greenback suffered on Thursday, while it received some support from higher U.S. Treasury yields as investors debated whether the U.S. Federal Reserve would raise interest rates again, even if it takes a break next week.

The unexpected rate rises this week by the Reserve Bank of Australia (RBA) and the Bank of Canada (BoC) have led to higher anticipation that U.S. and global interest rates will continue to rise.

The policymakers of the European Central Bank on Wednesday adopted a hawkish stance, indicating that additional rate hikes are imminent and that interest rates are likely to continue to rise for a longer period of time.

The US dollar index that gauges the greenback versus its major pairs slumped 104.02, despite having only slightly deviated from a two-month high reached last week as a result of increased Treasury yields.

EUR/USD advanced 0.08% to $1.0707.

GBP/USD soared 0.08% to $1.2449.

USD/JPY fell 0.21% to 139.85.