The dollar struggled to hold its own on Thursday after its rebound from a near 1-1/2-year low against a basket of currencies run out of steam, with doubts over global growth prospects hobbling the U.S. currency.
The dollar's index .DXY =USD eased to 93.826, down from Tuesday's high at 94.356, which represented a 2.7 percent recovery from its 16-month trough hit earlier in the month.
Against the yen, the dollar traded at 108.35 yen JPY=, having fallen from Wednesday's two-week high of 109.38, with its failure to test a major psychological level of 110 hurting sentiment.
As the dollar weakens, the euro EUR= also recovered to $1.1428 from Tuesday's low of $1.13585.
Oil markets extended gains after the data. Brent crude futures LCOc1 settled up $2.08, or 4.6 percent, at $47.60 per barrel. In the previous session it gained 4.3 percent.
U.S. crude's West Texas Intermediate futures CLc1 rose $1.57, or 3.5 percent, to settle at $46.23.
Oil jumped on Wednesday, with Brent up more than 4 percent for a second day in a row, after the U.S. government unexpectedly said crude inventories fell the first time since March, adding to concerns over supply outages in Canada and Nigeria.
The U.S. Energy Information Administration (EIA) said crude inventories fell 3.4 million barrels last week, compared with analysts' expectations for an increase of 714,000 barrels and the American Petroleum Institute's (API) build of 3.5 million barrels in preliminary data issued on Tuesday. [EIA/S] [API/S]
Reference: Reuters
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