The U.S. dollar traded lower against the most major currencies after the mixed U.S. economic data. The index declined to 5.2 in February from 6. 3 in January, missing expectations for a rise to 8.8. That was the lowest reading since February 2014.

A reading above zero indicates expansion.

The number of initial jobless claims in the week ending February 14 in the U.S. fell by 21,000 to 283,000 from 304,000 in the previous week, beating expectations for a rise by 1,000.

The U.S. leading economic index climbed by 0.2% in January, after a 0.4% increase in December. December's figure was revised down from a 0.6% gain.

The euro traded higher against the U.S. dollar. The rejection of Greek loan proposal by Germany weighed on the euro. Greece submitted a request for an extension of its existing loan agreement. But German Finance Minister Wolfgang Schaeuble replied that the Greek loan proposal was "not a substantial proposal for a solution".

The European Central Bank (ECB) released its minutes of January meeting, for the first time. According to the minutes, the most Governing Council members voted a EUR60 billion a month bond-purchase programme, mostly government bonds, to increase inflation and to spur economic growth in the Eurozone.

One member wants to consider buying corporate bonds.

Eurozone's adjusted current account surplus fell to €17.8 billion in December from €19.9 billion in November. November's figure was revised up from a surplus of €18.1 billion. Analysts had expected a surplus of €23.3 billion.

Eurozone's consumer confidence index rose to -6.7 in February from -8.5 in January. Analysts had expected the index to decrease to -8.0.

The British pound traded higher against the U.S. dollar. The CBI industrial order books balance climbed to +10% in February from +4% in January.

Analysts expected the CBI industrial order books balance to increase to +7%.

Volume of output for the next three months climbed to +25 in February, the highest level since September 2014, up from +13 in January.

The Swiss franc traded higher against the U.S. dollar. Switzerland's trade surplus widened to CHF3.43 billion in January from CHF1.51 billion in December. December's figure was revised down from CHF1.52 billion.

Analysts had expected the trade surplus to narrow to CHF1.23 billion.

Exports rose 2.9% in January, while imports declined 2.2%.

The New Zealand dollar traded higher against the U.S. dollar. In the overnight trading session, the kiwi traded higher against the greenback after the mixed economic data from New Zealand. Producer price index input in New Zealand fell by 0.4% in the fourth quarter, missing expectations for a 0.2% decline, after a 1.5% drop in the third quarter.

Producer price index output in New Zealand declined by 0.1% in the fourth quarter, beating expectations for a 0.3% decrease, after a 1.1% fall in the third quarter.

The Australian dollar traded higher against the U.S. dollar. In the overnight trading session, the Aussie traded lower against the greenback in the absence of any major economic reports from Australia.

The Japanese yen traded higher against the U.S. dollar. In the overnight trading session, the yen traded mixed against the greenback despite the better-than-expected trade data from Japan. Japan's adjusted trade deficit narrowed to ¥406.1 billion in January from a deficit of ¥620.7 billion in December. December's figure was revised up from a deficit of ¥712.10 billion.

Analysts had expected a deficit of ¥600.00 billion.

The Bank of Japan (BoJ) released its monthly economic report on Thursday. The BoJ said that Japan's economy has continued to recover moderately.