The greenback slumped on Thursday, while traders processed a slew of mostly stronger than expected business activity surveys and confidence spread across asset classes as share markets reached record highs.

According to flash Purchasing Managers' Index (PMI) data, the decline in business activity in the euro zone abated in February, with a six-month decrease streak in the leading services sector balancing a decline in manufacturing.

The dollar index that gauges the greenback versus its major pairs dipped 0.25% at 103.67 and on course for weekly dip 0.5%.

EUR/USD advanced by up 0.3% at $1.0851, after rising more than 0.5% to its highest level in almost three weeks due to better-than-expected French activity data, only to decline following unsatisfactory German figures.

GBP/USD advanced by 0.3% at $1.2674, following British PMI statistics that indicated the economy maintained its early 2024 momentum.

The Fed is not in a rush to lower interest rates, as the minutes of its most recent policy meeting, which were made public on Wednesday, further supported.