Traders remain wary about another disappointing outcome, helping keep the euro steady around $1.0991 EUR=.
The dollar was also little changed at 113.30 yen JPY=, having risen 0.6 percent against the safe-haven Japanese currency as equity and commodity market gains improved risk appetite.
The euro was under pressure in Asian trade on Thursday ahead of a European Central Bank meeting at which policymakers were expected to take further easing steps, while the kiwi skidded after the Reserve Bank of New Zealand surprised with an interest rate cut.
The New Zealand dollar NZD=D4 nursed losses after tumbling more than a cent after the RBNZ's decision early on Wednesday to cut its official cash rate by 25 basis points to 2.25 percent, citing a material decline in a range of inflation expectation measures. The central bank also signaled at least one more rate cut to come.
* The ECB is expected to cut the deposit rate by 10 basis points to -0.40 percent, announce more asset purchases and possibly introduce tiered interest rates like the Bank of Japan in a bid to boost inflation, according to a Reuters poll published on Monday.
The big surprise on Thursday came from New Zealand's central bank, which cut the benchmark cash rate to a record low 2.25 percent.
Reserve Bank of New Zealand Governor Graeme Wheeler cited China as a major risk to the bank's outlook for economic growth and inflation, reflecting global concerns over a slowdown in the world's second-biggest economy.
Speculation that top producers might agree soon to an output freeze also supported crude oil. U.S. crude futures CLc1 was steady at $38.22 a barrel after surging nearly 5 percent and hitting a three-month high of $38.51 on Wednesday.
On annualized basis, China’s consumer prices unexpectedly picked-up pace in Feb, rising 2.3% versus 1.8% growth seen in Jan and came in much higher than 1.8% rise expected, marking the fastest increase since July 2014.
While on monthly basis, China Feb CPI rose 1.6% vs. +0.5% booked in Jan. PPI -4.9% y/y, vs. expected -4.9%, prior was -5.3% and PPI -0.3% m/m VS -0.5% m/m Jan
Reference: Reuters, FXStreet
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