While U.S. yields have halted their advance, the dollar has remained soft. At the same time, the euro plunged below $1.08 and the Russian ruble fell.

The dollar was on edge Thursday after tumbling overnight, especially against the British pound and the euro, as U.S. yields halted their advance, offering some relief to the battered and battered yen. The greenback weakened 0.6 percent on the loonie Wednesday after the move, but gained ground on the kiwi.

The euro plunged below $1.08 after the ECB, the first time it has fallen since 2020. The British pound hit $1.3131 in morning trade, its highest level in a week against the dollar. The dollar index, which measures the dollar against six other currencies, remained at 99.818 after falling 0.52 percent overnight. The Singapore dollar gained about 0.5 percent to hit a one-week high against the dollar after the move. The Korean won was less affected, rising 0.16 percent.

The Japanese yen was last at 125.37 per dollar, after falling to a 20-year low of 126.31 on Wednesday. The Russian ruble weakened Thursday, falling 2 percent to 81.50, moving away from its strongest level since Nov. 11 of 71 that it reached last week.