NEW YORK ( TheStreet) -- The U.S. dollar was mostly softer vs. the majors, but eked out small gains against GBP and JPY. The euro made a marginal new high for this correction around 1.2700 (highest vs. the dollar since May 12) but saw little follow-through.Further dollar losses seem likely near-term, as a measure of calm and optimism has returned to the markets. ECB, BOE meetings yielded no surprises. Yen was weaker across the board while Swiss franc was mixed, and dollar/yen moving above 88 to its highest level since June 30. EM FX was mostly firmer on rising risk appetite. Biggest gainers on the day vs. USD were HUF, AUD, COP, KRW, and NZD, while only losers vs. USD were JPY, GBP, and CLP. US chain store sales rose 3% y/y in June, but consumer credit fell $9.1 billion in May. Initial jobless claims fell to 454k from a revised 475k. U.S. equity markets were higher, as DJIA, S&P and Nasdaq ended up 1.2%, .94%, and .74%, respectively. European markets were higher too, with Euro Stoxx 50 up 1.2%. Asian equities are likely to open up today as Asian ADRs were higher during N. American trading Thursday. Nikkei futures point to an up Japan open, and the softer yen should help Japan exporters. US bond market was mixed, as 2- and 10-year yields fell 1 bp and rose 4 bp, respectively. European bond markets were mixed, as 10-year yields in UK, France, and Germany were up 1 bp, 1 bp, and 3 bp, respectively. Greek 10-year yields rose 10 bp, Portugal fell 2 bp, Italy fell 3 bp, and Spain fell 1 bp.