The USD recovered from the fall
US import price data rose
Fed members' next speech will be in focus
The US dollar showed a recovery on Thursday trading yesterday after a significant decline earlier when the inflation data of the United States (US) was published.
Analysts assess the increase in US import price data last month that will influence the Federal Reserve's (Fed) monetary policy decision to lower inflation which is still at a high level.
US economic data from last week pushed the Fed towards easing policy, but policymakers have yet to signal a change in their previously hawkish view.
In addition to the positive import price data, some other US data were also published together but came with less encouraging readings.
Among them, the US unemployment benefit claims data for last week recorded a slightly lower figure than before, but did not reach the targeted figure.
US industrial production data posted a lower-than-expected figure to remain.
The focus on Friday will be on Chinese economic data published in the Asian session involving industrial production readings, retail sales and the unemployment rate.
In the New York session, the speech by Fed Waller who is also a member of the FOMC will be given the next focus and attention to Fed Daly.
Assessors on the direction of monetary policy will continue to be refined from the views of Fed members after important data is published as a guide.
Investors at the end of the week need to be careful with the risk of volatile price movements with the possibility of profit taking activities at the end of the week.
