The greenback's strengthening continued in the European session, with the currency king now on track for a fourth consecutive week of gains.
United States gross domestic product (GDP) data published on Thursday showed the country's economy remained strong in the fourth quarter despite a slight decline from earlier estimates.
This was supported by a tight labor market where the number of Americans filing claims for unemployment benefits fell last week.
As a result, the dollar index, which measures the strength of the greenback, continued to strengthen at around a six-week high of 104.70 against six other major currencies.
Investors' attention is now focused on the release of US personal consumption expenditure data for January, which is also the Fed's preferred measure of inflation.
Meanwhile, the euro remained in decline following data showing Europe's largest economy, Germany contracted 0.4% in the fourth quarter.
European Central Bank (ECB) policymakers continue to offer hawkish statements, the latest of which is Joachim Nagel saying that he does not rule out raising interest rates further after March.
In addition, the pound currency was traded little changed with the price trying to survive from falling below the price level of 1.2000 against the US dollar.
On the other hand, the Aussie and New Zealand dollars each continued to trade lower against the US dollar.
The yen slipped lower after Bank of Japan (BOJ) governor candidate Kazuo Ueda offered a slightly dovish statement saying current monetary policy was appropriate.
