© Reuters. The dollar is stable in view of the employment
The u.s. dollar has held up against the other major currencies on Friday, with investors remaining cautious before the release of key u.s. data on employment, later in the day, while the comments hawkish federal Reserve this year have continued to provide a lightweight support.
The greenback found support after the Fed signaled its confidence in the inflation and growth.
The Fed has stated that inflation is expected to increase this year, boosting the forecast of a rate increase for the presidency of Jerome Powell.
The Fed has maintained its interest rates unchanged Wednesday, as expected. The meeting was the last for the current Fed president Janet Yellen.
The index dollar, which measures the greenback’s strength against a basket of currencies, ahead of 0.08% to 88.55 at 02:00 a. m. ET (06:00 GMT).
The euro is declining, with the EUR/USD was down 0.08% at 1.2400 and the GBP/USD is stable at 1.4262.
The yen is weaker, with USD/JPY up 0.28% to 109.73 and the USD/CHF is stable at 0.9268.
In the meantime, the USD/CAD is gaining 0.10% to 1.2278