The US dollar continues to gather strength to move higher as investors now turn their attention to US gross domestic product (GDP) data.
The dollar index, which measures the greenback's strength, was trading firm at a two-month high of 104.10 against major currencies at the time of writing.
The data to be published is the second reading of GDP for the first quarter of 2023, where it is expected to record growth of 1.1% unchanged from the first reading that was released previously.
Market sentiment is seen as continuing to be risky, where discussions on the US debt ceiling have not yet been reached, causing the risk of America experiencing a 'default' increasing.
Meanwhile, FOMC meeting minutes reveal that Federal Reserve (Fed) policymakers are split on whether to stop or continue rate hikes at the next meeting.
Fed Governor Christopher Waller in his latest statement said that although interest rates were unchanged at the June meeting, the tightening cycle is unlikely to end.
Looking at the movements of major currencies, the euro remained in gloomy trade after falling to a fresh two-month low against the US dollar at the start of the European session.
The pound rose slightly but remained hovering around a five-week low, still weighed down by a lower reading of UK inflation data in April.
Meanwhile, the Aussie and kiwi dollar remained weak with each trading at six-month lows against the greenback.
In addition, the Canadian dollar fell to a three-week low against the US dollar, with the black commodity also trading lower after rising higher this week.
Also in the focus of investors in the New York session is the US weekly jobless claims data.
