The dollar steadied in early Asian trading on Friday, on track for weekly losses as investors awaited USA inflation data to gauge the likelihood that the Federal Reserve will stick to its plan to raise interest rates again this year.
On Thursday, the U.S. Department of Labor said its producer price index for final demand increased 0.4 percent in September. But, in an interview with CNBC, Boston Fed President Eric Rosengren said he thought another interest rate would be appropriate in December.
The dollar index, which measures the greenback against six major peers, was down 0.30 per cent at 93.008 in late trading.
The Fed has raised its benchmark rate twice this year and signalled a third hike later this year.
The readout of the meeting, at which the Fed announced it would begin this month to reduce its large bond portfolio mostly amassed following the financial crisis and unanimously voted to hold rates steady, also showed that officials remained mostly sanguine about the economic impact of recent hurricanes.
Samsung Electronics CEO to Mysteriously Resign Amid Record Profits
Samsung has two other CEOs, each overseeing its mobile phone business and home appliance division. Hearings on his appeal and those of four other convicted Samsung executives began October 12.
The dollar fell to 111.7 Japanese yen, its lowest since September 26.
While the Fed's policy is still uncertain and while investors are hopeful of a hawkish policy change, the Bank of Japan has reported that they intend to maintain the current ultra-loose policy.
"Inflation remains around 0.5 percent, still below our target", Kuroda told reporters upon arrival for the Group of 20 finance leaders' gathering in Washington.
The Australian bonds tilted slightly on the upside tracking similar movement in the U.S. Treasuries after the Federal Reserve policymakers remain largely divided over the inflation outlook of the country and the path of rate hikes in the economy.
The euro hit a session high of $1.1855 against the dollar and was up 0.22 percent.