The U.S. dollar weakened against the other major currencies in the early European session on Thursday.

The U.S. dollar fell to 118.53 against the yen for the first time since February 20, from an early high of 119.56.

Pulling away from an early high of 1.2532 against the Canadian dollar, the greenback slipped to a 2-day low of 1.2459.

Against the euro, the pound and the Swiss franc, the greenback edged down to 1.0999, 1.4910 and 0.9568 from early highs of 1.0957, 1.4871 and 0.9605, respectively.

If the greenback extends its downtrend, it is likely to find support around 116.58 against the yen, 1.22 against the loonie, 1.11 against the euro, 1.52 against the pound and 0.92 against the franc.

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