Movement reactions for the US dollar currency were mixed when the focus was on the United States (US) PCE price index data published in the New York session last night.
Examining the report, the published figure is in line with the forecast for January at 0.4%, up from the 0.1% level in the previous reading which has been updated.
The US dollar was seen to weaken in the initial reaction to the published data, but returned to show strengthening towards the end of the session.
The reading of this inflation component is also the concern of the Federal Reserve (Fed) in setting their monetary policy.
With the latest figures increasing this again balances the reading of the US economic growth data published last Wednesday with a gloomy reading.
Investors will continue to digest the published data and evaluate the actions that the Fed will take for their policy setting.
The move to lower interest rates is expected to take place this year, but expectations have shifted to June for the move to be implemented.
To close out the week's trading, the New York session tonight will present the reading of the ISM survey data of the US manufacturing sector for February.
Also published alongside is updated user survey data by the University of Michigan.
The movement of the US dollar in the final sessions will continue to be influenced by the pattern of published data and speculation regarding the Fed interest rate cut.
Other major currencies will come under pressure at the end of the week if the US dollar manages to maintain its strength.
