Reversing direction, the U.S. dollar declined against most major currencies during European deals on Thursday.

The greenback pared gains to 0.8533 against the franc, 1.1643 against the euro and 117.54 against the yen, from early highs of 0.8650, 1.1575 and 118.33, respectively. The greenback is likely to face support around 0.825 against the franc, 1.20 against the euro and 117.00 against the yen.

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