The US dollar remained steady in the European session despite retreating slightly from the six-month high it hit on Thursday.
Earlier, the currency king surged higher after being supported by retail sales data, producer inflation (PPI) and stronger US jobless claims in August.
However, it eased slightly in the Asian session following positive market sentiment following better-than-expected Chinese retail sales and industrial production data.
This has pushed the yuan, the Aussie dollar and the New Zealand dollar higher, before falling slightly in the European session.
In addition to the strong data, the announcement of the central bank of China (PBOC) also focused the market by making a cut of 25 basis points in the bank's reserve requirement ratio.
Meanwhile, the euro continued to weaken to a six-month low against the greenback after the European Central Bank (ECB) signaled that there would be no further interest rate hikes.
The central bank raised rates by 25 basis points to 4.50% at its policy meeting on Thursday.
Meanwhile, the pound remained hovering at a three-month low against the US dollar, with investors now gearing up for UK inflation data and the Bank of England's (BOE) policy meeting next week.
In Japan, the yen weakened again with prices returning to a 10-month low of 147.87 against the US dollar that it touched last week.
The Canadian dollar continued to strengthen to a new two-week high against the greenback, supported by oil prices trading at their strongest level since November 2022.
