The dollar remained relatively steady as the delayed inflation data in the US is set to be released on Friday. Among the G-10 currencies, the yen lagged behind, while the Australian dollar and Norwegian krone excelled amidst rising oil prices.

The surge in oil prices was driven by the US imposing sanctions on major Russian oil companies, reigniting concerns over inflationary pressures that could limit the Federal Reserve's room for more aggressive rate cuts.

The Bloomberg Dollar Spot Index was mostly unchanged.

"Despite our expectation that the overall weakening trend of the dollar this year will largely continue, we still believe the dollar appears slightly overvalued at the moment," wrote Bank of America strategists John Shin, Michalis Rousakis, and Alex Cohen in a report.

"As concerns about France ease, we continue to favor the euro's performance relative to the yen, Swiss franc, dollar, New Zealand dollar, and Canadian dollar," the strategists noted.

The dollar/yen rose 0.4% to 152.55.

Recent surveys indicated that observers of the Bank of Japan have pushed back their forecasts for the timing of the next interest rate hike, with only a few expecting an increase next week, marking a significant shift from last month’s outlook.

The Australian dollar/us dollar rose 0.4% to 0.6514.

The dollar/Norwegian krone fell 0.4% to 9.9780, reaching a two-week low.

The dollar/Canadian dollar declined 0.1% to 1.3987.

Canada's retail sales showed modest growth in the third quarter, as consumers continued to flock to car dealerships against the backdrop of US tariffs on the auto industry.

Preliminary data released by Statistics Canada on Thursday indicated that retail sales in September fell by 0.7% month-over-month, following a rise of 1% in August.

The euro/dollar rose 0.1% to 1.1617, as the EU approved a new round of sanctions targeting Russia's energy infrastructure.

The dollar/Swiss franc decreased 0.1% to 0.7952.

The summary of discussions from the Swiss National Bank's meeting on September 25 released Thursday offered little insight into market views and negative interest rate prospects, disappointing some strategists.

The above information is sourced from forex traders seeking anonymity due to a lack of authorization to speak publicly.