The dollar was little changed against a basket of currencies on Thursday as higher U.S. bond yields and expectations of more rate increases from the Federal Reserve offset worries about a trade war and a ballooning U.S. budget deficit.
Recent economic data suggested business activities overseas may have peaked. This has reduced the appeal of the euro, yen and other currencies which have strengthened against the dollar since 2017 based on the view economies outside the United States had been faring better until recent weeks.
"It's a dull day altogether," said Minh Trang, senior foreign exchange trader at Silicon Valley Bank in Santa Clara, California. "We are seeing rangebound trading with most currencies against dollar."
The dollar index has moved in a narrow 0.6 percentage point range since last Friday.
The euro was last down 0.23 percent, at $1.2344, while the dollar was 0.14 percent higher at 107.38 yen.