Movement:

In the Asian session, The euro hovered below a key level against the dollar on Wednesday, dented by profit-taking after it hit an 11-week high, while the Australian dollar fell as inflation data pared the chances of an interest rate rise next week. In the Europe session, The euro struck a two-month high against the yen and stayed within reach of an 11-week high against the dollar on Wednesday, underpinned by robust European bank earnings and solid economic data. In the US session, The U.S. dollar rallied against the euro but slid against the yen on Wednesday as weaker-than-expected U.S. durable goods orders added to fears about economic recovery in the world's largest economy.

US:

A measure creating a bipartisan commission to recommend ways to eliminate the huge U.S. trade deficit with China and other countries cleared the U.S. House of Representatives on Wednesday. Lawmakers approved the bill on a voice vote as part of a "Make it in America" agenda promoted by House Democrats ahead of the November congressional elections to address voters' concerns about persistently high U.S. unemployment.

Japan:

Japanese retail sales rose 3.2 percent in June from a year earlier, matching a median market forecast, government data showed on Thursday. It was the sixth straight month of annual rises, but the pace of climbs may be losing momentum from a nearly 5 percent annual gain in April, in a sign that effects from government stimulus steps to boost purchases of consumer durable goods are beginning to fade.

Euro zone:

German inflation accelerated slightly as expected in July, preliminary data showed on Wednesday in an early sign of firmer prices in the wider euro zone. On an annual basis, consumer prices rose 1.1 percent, while increasing 0.2 percent over the month, the data from the Federal Statistics Office showed. British house prices fell 0.5 percent month-on-month in July after a flat month in June, the Nationwide building society said on Thursday, as concerns about the impact of government austerity measures dampened demand. There was also a sizeable drop in the annual rate of house price inflation, which slowed to 6.6 percent this month -- its lowest since December -- from 8.7 percent in June.