The dollar index fell by -0.40% due to a stronger yuan and concerns about Fed independence. The S&P 500 reaching a new high accelerated dollar losses. The US economy showed strength with Q2 GDP revised up to +3.3%, while initial unemployment claims fell as expected.

Euro gained against the dollar on Thursday due to positive indicators from the ECB meeting and rising new car registrations. However, economic confidence in the Eurozone unexpectedly declined. The geopolitical situation in Ukraine remains uncertain, affecting European security and economic stability.

The yen rose against the dollar as a result of a weaker dollar and hawkish comments from a BOJ Board member. However, a rally in the Nikkei Stock Index limited yen gains. Gold and silver prices surged due to a weaker dollar, concerns over Fed independence, and political uncertainty in France driving demand for safe-haven assets.

Read more at Yahoo Finance: Dollar Pressured by Fears Over Fed Independence and Strong Stocks