The US dollar fell on Thursday, to resume its losses after taking a breather yesterday, near its 2-week low, due to a drop in the US Treasury bond yields, ahead of the Federal Reserve Chairman Jerome Powell's statements.

The dollar index fell 0.2% to 92.22 points, after opening at 92.41 points, and hit a high of 92.48 points.

The US dollar gained 0.1% yesterday, its first gain in 3 days, after earlier hitting a 2-week low at 92.13 points.

The decline comes amid improving sentiment in the market as risk appetite gets revived while US treasury yields tumble. 

10-year US treasury yields fell over 1.2% to 1.651% on track to pierce two-week lows at 1.631, after the Fed asserted it'll keep buying up bonds for a long time. 

Fed's minutes of the last meeting showed policymakers are still wary of Covid 19 risks even as the economy starts recovery, with the Fed committed to easy monetary policy until total recovery is ensured. 

At 12:30 GMT, unemployment claims for the week ending April 2 are expected down to 682 thousand from 719 thousand.

At 16:00 GMT, Federal Reserve Chairman Jerome Powell will participate in a panel discussion about the global economy at a virtual International Monetary Fund Seminar.

European stocks rose in early trading on Thursday, and hit new record highs, thanks to improved risk appetite following the US Treasury bonds drop, and prospects for the global economy this year to grow at the best pace since 1970s.

The Stoxx Europe 600 index rose 0.4% as of 11:15 GMT, and hit the highest level ever at 436.7 points, after closing lower by 0.2% yesterday on profit-taking.

The health care sector saw the largest gains in Europe today, with a jump of more than 1.1%, thanks to strong earnings expectations for most European drug companies.

 S&P 500 futures rose more than 0.2%, and hit a new record high, after the index closed higher by 0.15% yesterday after the Federal Reserve pledged to stay committed to its stimulus policies.

The US 10-year Treasury yield fell 1.6% today to 1.644%, near its 2-week low of 1.631% hit yesterday.

The Federal Reserve meeting minutes showed that the US monetary policy makers are still cautious about the risks of the pandemic, even after the US economic recovery has gained momentum thanks to massive stimulus.

The International Monetary Fund revealed its projections for the global GDP, which is expected to grow by 6% at the best rate since the 1970s, from the previous forecast of 5.5%, thanks to the recovery from the Covid-19 pandemic.

Back to Europe, the Euro Stoxx 50 index rose 0.3%, France's CAC 40 rose 0.4%, and Germany's DAX index added 0.1%.

While the UK's FTSE 100 rose 0.5% and hit a 14-month high at 6,926.7 points, after the British pound fell, which benefits exporting companies.

EUR/USD rose in European trade against dollar on track to touch two-week highs as US treasury yields decline while investors buy up risky assets. 

EUR/USD rose 0.2% to 1.1892, after losing 0.1% yesterday, the first loss in three days on profit-taking away from two-week highs at 1.1915. 

The dollar index fell 0.2% on Thursday, resuming yesterday's losses and almost touching two-week lows at 92.13. 

The decline comes amid improving sentiment in the market as risk appetite gets revived while US treasury yields tumble. 

10-year US treasury yields fell over 1.2% to 1.651% on track to pierce two-week lows at 1.631, after the Fed asserted it'll keep buying up bonds for a long time. 

Fed's minutes of the last meeting showed policymakers are still wary of Covid 19 risks even as the economy starts recovery, with the Fed committed to easy monetary policy until total recovery is ensured. 

Silver prices edged lower on Wednesday, as the US dollar rose against most of its peers amid optimism about the US economy.

The Federal Reserve meeting minutes showed that the US monetary policy that includes near zero interest rates and asset purchases will remain unchanged from previous meetings for some time.

The Federal Reserve decided during that meeting to hold interest rates between zero and 0.25% unchanged, and raised its forecast for US GDP growth by 6.5% in 2021 from 4.2% in December.

The dollar index rose against a basket of currencies by 0.1% to 92.4 points as of 20:44 GMT, after it hit a high of 92.4 points and a low of 92.2 points.

Silver May futures fell less than 0.1%, and closed at $25.25 an ounce, with a high of $25.330 and a low of $24.895.