March 13 (Reuters) - The euro fell against the dollar on Thursday as another round of tariff threats and uncertainty surrounding the proposed Ukraine ceasefire negatively impacted investor sentiment. U.S. President Donald Trump threatened to impose a 200% surcharge on alcohol imports from Europe and said he won't bend on Canada metals or April 2nd tariffs. He also warned about a potential impact of a U.S. government shutdown, believed annexing Greenland will happen and hoped Russia will do the "right thing" when it comes to Ukraine. On the Ukraine peace proposal being discussed with U.S. officials on Thursday, Russian President Vladimir Putin said he supported a U.S. ceasefire proposal in principle, but that any truce would have to address the root causes of the conflict and that many crucial details needed to be sorted out. A Ukrainian government official said that Kyiv understood it could not recapture all its occupied territory by military force from Russian troops right now and that its recovery would have to happen diplomatically over time. Optimism about German spending plans also retreated as would-be chancellor Friedrich Merz attempted to win the support for his proposed changes to the debt brake.

In U.S. data, weekly jobless claims and PPI gave little indication that the U.S. economy was deteriorating rapidly. Friday's University of Michigan report will offer a snapshot of how U.S. consumer sentiment is holding up.

EUR/USD slipped 0.2%, with some looking for an even deeper pullback as euphoria over proposed German spending and Ukraine developments fade. ECB policymaker Olli Rehn said that the U.S. administration must be encouraged to avoid leveraging "unnecessary and very harmful" tariffs on Europe through a negotiations solution. EUR/USD's 200-day moving average at 1.0721 is in sight as overbought conditions unravel.

GBP/USD also retreated, with rising gilt yields a potential drag on the pound as the March 26 UK budget update approaches. U.K. GDP for January is due on Friday. Cable's 200-day moving average at 1.2790 come in focus on additional weakness as upward momentum stalls ahead of the 1.30 psychological level.

USD/JPY was under pressure for most of Thursday's session as sliding U.S. share prices lifted havens, including gold. But with yen volatility remaining soft and trading volumes modest, losses in the pair were limited.

How the Nikkei and JGBs react to Wall Street's slide may guide the yen's path on Friday. The current March low of 146.55 offers nearby support, while a falling 21-day moving average at 149.66 is resistance above Wednesday's 149.20 high.

The Australian dollar fell against most of its G10 peers, dragged lower by the risk-off bias, a weaker offshore yuan and falling oil prices.

A series of lower highs in AUD/NZD has the cross eyeing its 200-day moving average at 1.10.

Treasury yields fell 3 to 5 basis points as the curve steepened. The 2s-10s curve was little changed at +32.7bp.

The S&P 500 slid 0.94% amid broad market losses including a 2% drop consumer discretionary sector. WTI oil fell 1.7% after the International Energy Agency warned about oversupply due to slowing global demand. Gold rose over 1%, touching a record high due to tariff uncertainty and bets on Fed easing in the future. U.S. copper futures rose 1.4%, reaching their highest level since May 2024 as the impact of tariffs inflated metal prices. Heading toward the close: EUR/USD -0.30%, USD/JPY -0.33%, GBP/USD -0.06%, AUD/USD -0.54%, =USD +0.21%, EUR/JPY -0.63%, GBP/JPY -0.41%, AUD/JPY -0.83%.(Editing by Burton Frierson Reporting by Robert Fullem)