The greenback dipped further on Thursday; the euro hit slight gains while the yen soared multiple peaks before the upcoming BOJ meeting next week.

The dollar index that gauges the greenback versus its major pairs slipped 0.2% to 103.950, continuing overnight slumps, as expectations grew that Fed will likely trim interest rate in September,

GDP figures for Q2 are scheduled to release later during the day and is predicted to reveal annualized advance by 2.0%.

This will top the 1.4% growth witnessed in the Q1. However, the growth rate would be significantly lower compared to the 4.2% pace observed in the latter half of last year.

EUR/USD added 0.1% to 1.0847, with the euro spiking regardless German business morale unpredictably dropping in July, marking the third retreat in a row in Germany's most significant leading indicator.

GBP/USD slid 0.2% lower at 1.2885, dropping back from the 1.30 level before the upcoming week’s BOE meeting.

USD/JPY dipped 0.7% to 152.72, The pair reached its lowest point in 2-1/2 months as traders exited their positions betting against the yen ahead of the BOJ's July meeting, following predictions potential intervention in the currency markets by the Japanese government.