The US dollar is seen to continue to maintain its strengthening pattern until the end of yesterday's New York session, despite signs of a weakening situation at the beginning of the session.
The focus was on the release of the producer price index (PPI) data which was published with a figure that met the forecast while the United States (US) unemployment benefit claims data for last week recorded a good reading with a declining figure.
Market analysts for now do not see any change for the movement of the US dollar which is still supported by the sentiment factor of Trump's victory and the US inflation rate which showed an increase in October.
However, a warning is given for trading in the final sessions at the end of the week with the risk of profit-taking activity or other situational changes.
Although it is seen that there is a change in the pattern of the latest data present, it has not yet changed the view that the Federal Reserve (Fed) will implement the third interest rate cut this year, which is at the December meeting.
The tone delivered by Fed Chairman Jerome Powell on Thursday was seen as more cautious, stating that the central bank does not need to rush to lower interest rates as the US economy is still considered strong.
This followed the tone of the pitch previously delivered by Governor Adriana Kugler and Richmond Fed President Thomas Barkin.
At the close of trading at the end of the week, US retail sales data will be scrutinized which could provide insight into consumer spending in October.
But before that, UK economic growth data will be given first attention to trading in the European session.
