The US dollar on Thursday's trading was more positive to recover from a gloomy performance earlier this week following a significant depreciation last week.
During the New York session yesterday, the US Producing Price Index (PPI) data was published with a monthly reading for February showing a decrease to 0.0% compared to 0.6% of the previous month, and also lower compared to 0.3% forecast.
This shows the lowest producer's inflation readings within 7 months.
This report is seen as in line with user inflation and NFP employment data that could encourage the Federal Reserve (Fed) to switch views to resume further interest rate cuts.
Although the market has put a lot of concern over the US economy that will be affected by the tariff war situation, the US Dollar still has the advantage of being a Safe-Haven currency.
This was driven by developments for Russian-Ukraine negotiations following President Donald Trump proposing a 30-day ceasefire proposal.
Russian President Vladimir Putin has expressed an agreement on the proposal, but says that any ceasefire should address the causes of conflict and there are many important things to be resolved.
On the issue of tariff war, President Trump is said to have threatened to impose up to 200% for wine, cognac and alcohol imported from Europe.
Trump also warned to reply to European actions announcing a $ 28 billion reward tariff on US import goods next month.
For the closing data this week, investors will review the UK economic growth report in the European session and in the last session, the University of Michigan's consumer sentiment.
